Game theory is the study of which of the following?

Question

Quizplus · Accepted Answer

Game theory is primarily concerned with understanding strategic decision-making. As such, it is most applicable to situations where multiple decision-makers (such as firms in an oligopoly) must consider the actions of others in making their own decisions. While some recreational games may be studied using game theory, this is not the primary focus of the field. The other options listed are not the primary concern of game theory, though they may be relevant to the analysis of specific situations.

Game Theory Is the Study of Which of the Following