An assumption about static games with complete information is that:
A) Players do not know the payoffs until after they have moved.
B) Players have different information about the payoff matrix.
C) Players are rational in that moves are based on the best possible payoffs.
D) The players' identities are required before making a move.
E) All of the above are correct.

Question

Quizplus · Accepted Answer

In static games with complete information, it is assumed that players are rational and make their moves based on the best possible payoffs. This means they understand the game's structure, including the payoffs, and aim to maximize their own outcomes.

An Assumption About Static Games with Complete Information Is That