Suppose Jim and Celia,a married couple,are trying to decide what to do on a Friday.Jim would prefer to see Rambo X while Celia would prefer to see Das Auto,an arty foreign film.Both films are showing at the local Megaplex.The joy they receive from the films and seeing them together,or separately,is shown in the payoff matrix.Both Jim and Celia know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice.
-Which of the following situations does NOT involve game theory?
A) Buying a pair of pants at the Gap.
B) Members of Parliament deciding to spend more on warships.
C) A married couple choosing to have a second child.
D) A student considering cheating on this exam.
E) Intel debating whether to lower the price of its Celeron microprocessors.

Question

Suppose Jim and Celia,a married couple,are trying to decide what to do on a Friday.Jim would prefer to see Rambo X while Celia would prefer to see Das Auto,an arty foreign film.Both films are showing at the local Megaplex.The joy they receive from the films and seeing them together,or separately,is shown in the payoff matrix.Both Jim and Celia know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice. 
-Which of the following situations does NOT involve game theory?
A) Buying a pair of pants at the Gap. 
B) Members of Parliament deciding to spend more on warships. 
C) A married couple choosing to have a second child. 
D) A student considering cheating on this exam. 
E) Intel debating whether to lower the price of its Celeron microprocessors.

Quizplus · Accepted Answer

Buying a pair of pants at the Gap is a decision made by an individual without strategic interaction with others, unlike the other scenarios which involve strategic decision-making and interdependence typical of game theory.

Suppose Jim and Celia,a Married Couple,are Trying to Decide What