The key assumption used in game theory is that each player:
A)pursues his own self-interest.
B)is not affected by other players' actions.
C)assumes that competitors act in an irrational manner.
D)seeks to maximize the players' collective profits.
E)acts in an unpredictable and irrational manner.

Question

Quizplus · Accepted Answer

The key assumption in game theory is that each player pursues their own self-interest, which means that they try to maximize their own payoff or benefits. This assumption forms the basis for analyzing various strategic interactions between players in a game. The other options (B, C, D, and E) are not accurate descriptions of the key assumption in game theory.

The Key Assumption Used in Game Theory Is That Each