Game theory models are classified by the

Related MCQs

• When all the players of the game follow their optimal strategies, then the expected pay off of the game is called.......................
• A game is said to be fair if the value of the game is.........................
• Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by ..............................
• ............................is known as father of game theory.
• Which of the following is an assumption of game theory?
• Each participant of the game is called...................
• The outcome of a game is known as....................
• In a ........................game the amounts won by all winners together is equal to the sum of the amounts lost by all losers together.
• ………..models in which the input and output variables follow a probability distribution.
• ............................ models involve the allocation of resources to activities in such a way that some measure of effectiveness is optimised.