Game theory studies: 1)strategies to win at such games as Monopoly. 2)strategic
ID: 1193437 • Letter: G
Question
Game theory studies: 1)strategies to win at such games as Monopoly. 2)strategic reactions by firms. 3)interactive decision making. 4)the choices made by agents when other agents engage in certain actions.I answerd number 3 but it tells me wrong answer Game theory studies: 1)strategies to win at such games as Monopoly. 2)strategic reactions by firms. 3)interactive decision making. 4)the choices made by agents when other agents engage in certain actions.
I answerd number 3 but it tells me wrong answer
Explanation / Answer
Game theory studies the choices made by agents when other agents engage in certain actions. These actions are expressed in terms of payoffs by each agent. The decisions by different agents in response to one agent’s actions.
So the right option should be 4.
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