Question

If trevor had analyzed his options using a _________________ theory, he would have evaluated the costs and benefits of each option to determine the _________________ for the _________________ and most likely _________________ shipped the food.

Answer 1

1. game
2. best bang
3. buck
4. not
Game theory is an economic theory from mathematician John Nash. The theory looks at decision-making processes and emphasizes comparing different options. By looking at all options, a decision-maker can determine best value (absolute value and/or comparative value depending on the situation) and make an informed decision accordingly.