Which of the following circumstances does NOT involve game theory?
A) A local gas station owner wondering how his competition across the street will react to his decision to lower prices.
B) Buying a can of beef stew at the grocery store.
C) Negotiating a salary when two firms have made offers.
D) Deciding whether to have an extramarital affair.
E) Playing poker.

Question

Quizplus · Accepted Answer

Buying a can of beef stew at the grocery store doesn't involve any strategic decision-making or interdependence among actors, which is the essence of game theory. Choices A, C, D, and E all involve decision-making in which the outcome depends on the actions of other actors.

Which of the Following Circumstances Does NOT Involve Game Theory