Question

Game theory analysis is based on:

1) understanding outcomes that depend on probabilities of different events.
2) understanding outcomes that depend on the behaviors of players.
3) understanding outcomes that depend on current weather conditions.
4) understanding outcomes of human gambling habits.

Answer 1

Game theory analysis is based on understanding outcomes that depend on the behaviors of players. It is a branch of mathematics that analyzes situations in which players must make decisions based on what other players decide to do.

Step-by-step explanation:

Game theory analysis is based on understanding outcomes that depend on the behaviors of players. Game theory is a branch of mathematics that analyzes situations in which players must make decisions and receive payoffs based on what other players decide to do. It has found widespread applications in the social sciences, business, law, and military strategy.