Game theory is the study of:
A) random decision making.
B) strategic decision making.
C) cartel decision making.
D) decision making allowing for irrational behavior.

Question

Quizplus · Accepted Answer

Game theory is primarily concerned with strategic decision making, where the outcome of a decision is affected by the decisions of others in a competitive or cooperative setting. It does not necessarily involve random decision making, cartel decision making, or irrational behavior, although these may be factors in some cases.

Game Theory Is the Study Of