Which of the following is the best definition of "game theory"?
A) A sub-discipline of sociology that deals with the question of how people resolve conflicts of interest
B) A board game that communities, governments, and corporations always play in order to solve environmental problems
C) A board game that corporations play that helps them make more money, despite any environmental impact
D) A field of academic study that studies the response of animals and people to delayed rewards
E) An area of economics that deals with the question of how people resolve conflicts of interest

Question

Quizplus · Accepted Answer

Game theory is a branch of economics that analyzes how individuals or groups make decisions in situations where their outcomes depend on the actions of others, often involving conflicts of interest.

Which of the Following Is the Best Definition of "Game