Game Theory Refers To

Multiple Choice

Game theory refers to:

A) a plan for the actions that a player in a game will take under every conceivable circumstance that the player might face.
B) a situation in which each player chooses the strategy that yields the highest payoff, given the strategy chosen by the other players.
C) optimal decision making by microeconomic agents.
D) the branch of microeconomics concerned with the analysis of optimal decision making in competitive situations.