Game theory is a tool for analyzing strategic interactions, such as negotiations and decision-making, among rational individuals or groups. It is used in various fields, including economics, political science, and psychology, to model and study human behavior in strategic situations where the outcomes depend on the choices of multiple actors.

Solved

Game Theory Is

Question 31

Multiple Choice

Game theory is:

A) an approach to understanding human behavior derived from studies of gambling.
B) an approach to studying international relations that assumes actors do not take negotiations seriously.
C) the use of role-playing to understand the actions of world leaders.
D) a tool for analyzing strategic interactions.
E) the use of war games to prepare for negotiations with other countries.

Correct Answer: