The efforts people make to minimize their costs and maximize their rewards is referred to as
A) emergent norms.
B) exploiting.
C) the winner-take-all strategy.
D) the minimax strategy.

Question

Quizplus · Accepted Answer

The concept described in the question is the minimax strategy, which refers to the idea that individuals or groups try to minimize their costs while maximizing their rewards. Option A, emergent norms, describes the development of norms within a social group, while option B, exploiting, refers to taking advantage of someone or something for personal gain. Option C, winner-take-all strategy, refers to the idea that the winner of a competition takes all the rewards, leaving nothing for the runners-up.

The Efforts People Make to Minimize Their Costs and Maximize