Dhaka, Oct. 8 -- Public policy-making is a dynamic process shaped by the interactions of various actors: politicians, bureaucrats, interest groups, civil society, international stakeholders, and citizens. These interactions are rarely neutral; incentives, strategic considerations, and expected responses influence them. Game theory analyzes strategic interactions where individuals or groups make decisions while considering the possible choices of others. It explains cooperation, conflict, and competition by predicting outcomes.

Game theory offers a valuable analytical perspective for understanding the complexities of public policy-making in Bangladesh. By modeling the incentives and actions of different players, game theory can explain wh...