Game theory is concerned with
A) predicting the results of bets placed on games like roulette.
B) the choice of an optimal strategy in conflict situations.
C) utility maximization by firms in perfectly competitive markets.
D) the migration patterns of caribou in Alaska.

Question

Quizplus · Accepted Answer

Game theory is primarily focused on analyzing and determining optimal strategies in situations of conflict or cooperation between different parties, rather than predicting gambling outcomes, studying market behaviors, or observing animal migration patterns.

Game Theory Is Concerned with