When modeling economic situations using game theory,the economic participants are generally referred to as
A) gamers.
B) nonmovers.
C) dominators.
D) players.
E) managers.

Question

Quizplus · Accepted Answer

In game theory, the economic participants are referred to as players because they are involved in a strategic interaction with other players, each aiming to achieve their own objectives. Therefore, the term "players" is the most appropriate choice for describing economic agents in a game-theoretical context. The other options (gamers, nonmovers, dominators, and managers) are either not specific enough or have connotations that do not accurately reflect the nature of economic interactions in game theory.

When Modeling Economic Situations Using Game Theory,the Economic Participants Are