_____ is a mathematical theory for developing strategies that maximize gains and minimize losses while adhering to a given set of rules and constraints.
A) Parrondo's paradox
B) Bioinformatics
C) Game theory
D) Chainstore paradox

Question

Quizplus · Accepted Answer

Game theory is a mathematical theory that deals with the study of decision-making in competitive situations where the outcome depends on the actions of other agents. It provides a framework for analyzing and solving problems in economics, political science, psychology, and other fields where strategic interactions occur. Game theory helps to develop strategies that maximize gains and minimize losses while adhering to a given set of rules and constraints.

_____ Is a Mathematical Theory for Developing Strategies That Maximize