To economists, a game is:
A)any situation involving at least two players in which one player's outcome depends on another player's choices.
B)a trivial pursuit that should not be used to analyze the economy or its actors.
C)a way to simplify and eliminate strategic situations, like war between nations.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

A game, in economic terms, refers to any situation where the outcome for any player depends on the choices made by other players, highlighting the importance of strategic decision-making. This concept is fundamental in game theory, which is used to analyze various economic and strategic situations.

To Economists, a Game Is