This document presents a study that uses game theory to analyze data from social networking sites Facebook and Instagram.
A questionnaire was used to collect data from 100 users on 7 shared characteristics of Facebook and Instagram: chat interface, live videos, private/public accounts, stories, likes/comments, groups, and security. Descriptive statistics and graphs showed trends in the data.
A 7x7 game theory model was created using intercept values from regression analysis of the data. The model was solved to find the optimal strategies for Facebook and Instagram and determine the value of the game. The results provide insights into how game theory can inform decision-making around social media strategies.