[2026] PTE Academic Listening - Fill in the Blanks (Type In)

Game theory is a branch of mathematics used to analyze strategic between rational agents. It has profound in fields ranging from economics and political science to evolutionary biology. At its core, the theory examines how individuals make decisions when the outcome depends on the actions of others. One of the most famous scenarios is the Prisoner's Dilemma, which illustrates why can be difficult even when it is beneficial. In this model, the choice for an individual might lead to a suboptimal result for the entire group. Economists use these models to predict market behavior and the outcome of competitive in auctions. Furthermore, game theory helps diplomats understand the of international negotiations and conflict resolution.