Game models are classified by the number of players, the maximum payoffs, and the likelihood of each outcome.

Question

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Game models are classified by various criteria such as the type of game (cooperative or non-cooperative), the information available to players, the degree of rationality assumed for players, and other factors. The maximum payoffs and likelihood of each outcome may be relevant criteria for certain types of games, but they do not form the basis of classification for game models.

Game Models Are Classified by the Number of Players, the Maximum