Which of the following is true of game theory?
A) It focuses on the personality traits of the negotiators.
B) It focuses on the context within which negotiation takes place.
C) It uses mathematical models to predict the outcome of negotiation situations.
D) It tries to predict how and when negotiators make departures from perfect rationality.
E) It investigates the demographic characteristics and personality variables of negotiators.

Question

Quizplus · Accepted Answer

Game theory was developed by economists using mathematical models to predict the outcome of negotiation situations.

Which of the Following Is True of Game Theory