A choice or sequence thereof made by a decision maker who, generally, sacrifices other alternatives in order to pursue it is an):
A) one shot game
B) strategy
C) opportunity cost
D) nash equilibrium
E) none of the above

Question

Quizplus · Accepted Answer

A strategy is a plan or choice made by a decision maker, often involving the sacrifice of other alternatives to pursue a particular course of action.

A Choice or Sequence Thereof Made by a Decision Maker