All of the following are characteristics of game theory except
A) payoffs that are the results of the interaction among players' strategies.
B) rules that determine what actions are allowable.
C) independence among players.
D) strategies that players employ to attain their objectives.
C
You might also like to view...
In the Keynesian model, government spending is considered
A) a positive function of real GDP. B) a negative function of real GDP. C) to be a negative function of the real interest rate. D) to be autonomous.
In free exchange among two individuals the position on the contract curve finally arrived at will, among other things, depend on: I. The bargaining strength of each individual. II. The initial endowments of the individuals. III. The individuals' preferences. Which of these correctly completes the statement?
a. Only III. b. Only II. c. I and III, but not II. d. II and III, but not I. e. I, II, and III.