Game theory is:
A)the study of how people behave strategically under different circumstances.
B)used to predict the winners of only certain types of strategic games.
C)used to evaluate the microeconomic choices that involve probabilities of different behaviors.
D)the study of how people behave when playing a game involving odds,like horse racing.

Question

Quizplus · Accepted Answer

Game theory is the study of how people behave strategically under different circumstances. It deals with mathematical models of conflict and cooperation between intelligent, rational decision-makers.

Game Theory Is