Question

All of the following are characteristics of game theory except A. payoffs that are the results of the interaction among​ players' strategies. B. strategies that players employ to attain their objectives. C. rules that determine what actions are allowable. D. independence among players.

Answer 1

The correct answer is letter D.

Explanation: The creators of the Game Theory were John von Neumann, John Nash, and Oskar Morgenstern. It is a framework for conceiving social situations among some competing players. In some respects, game theory is a science of strategy, or at least the optimal decision-making of independent and competing actors in a strategic setting.