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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q Write a paper that uses game theory to to set up a game designed to help a consumer decide whether to buy life insurance or not. To keep the game relatively simple, assume the life insurance being considered is term life, i.e. insurance without an accumulating investment value.

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Before diving straight into game theory first a brief explanation about what is game theory. There are different types of the issues that are there in the setting of strategies in a very good financial set up. There are different types of the issues that are there in this field and also the definition of game theory is all about setting the right strategies ("What is Game Theory?", 2018).