Explaining Game theory like I am 5

Imagine you and your friend are playing a game.
Every time you play, you have to make a choice.The problem is...
You don't know what your friend will choose.
So you start thinking:"If I choose this... what will my friend do?"
"If my friend chooses that... what should I do?"

This is called  Game Theory.

Game Theory is the study of how people make decisions when the result depends on what other people choose.