Utility in game theory refers to:
A) the fact that the value of an outcome is very personal
B) how difficult games are to play
C) the fact that rational players act to obtain maximum utility
D) the fact that all values are the same
E) a and c
Correct Answer:
Verified
Q17: In _ games, one party's gain is
Q18: There is evidence that _ have found
Q19: The 'theory of games' is a model
Q20: A two-handed game of poker is an
Q21: In social psychological terms, most competitive games
Q23: In 'non-zero-sum games':
A) cooperation is impossible
B) gains
Q24: In any game situation a payoff matrix:
A)
Q25: Characteristics of a zero-sum game include:
A) there
Q26: The game in which each party is
Q27: The Prisoner's Dilemma Game:
A) is a zero-sum
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