Which of the following statements accurately reflect key principles of Game Theory? (Select all that apply)

Game Theory is a way to study how people make decisions when they are in situations where their choices affect each other. One key principle is that players are assumed to act rationally, meaning they will try to maximize their own benefit based on what they think others will do. Another important idea is the concept of Nash Equilibrium, where no player can gain by changing their strategy if others keep theirs the same. For example, in a simple game where two friends decide whether to go to a movie or stay home, if both choose to go to the movie and are happy, they have reached a kind of balance where neither wants to change their choice alone. Understanding these principles helps explain how people and organizations interact in competitive situations.