In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think
A)openly.
B)strategically.
C)dominantly.
D)cooperatively.

Question

Quizplus · Accepted Answer

Game theory is a branch of mathematics that studies decision-making in situations where two or more individuals hold opposing interests. In these situations, each person must consider not only the outcomes of their own decisions, but also the potential reactions of the other parties involved. This is what we refer to as thinking strategically. Therefore, in order to make the best decision, Raj must think strategically about how his actions might affect those around him.

In Choosing Among Alternative Courses of Action, Raj Must Consider