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Game theory models are classified by the ans.  number of strategiesnumber of playerssum of all payoffsall of these Previous Marked for Review Next

Question

Game theory models are classified by the

  • ans.
    • number of strategies
    • number of players
    • sum of all payoffs
    • all of these

Previous Marked for Review Next

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Solution

In game theory, models are commonly classified based on several key parameters. The correct answer to your question about how game theory models are classified is:

All of these.

Explanation:

  1. Number of Players: Game theory distinguishes between different games depending on how many players are involved—typically categorized as two-player games, multi-player games, cooperative games, and non-cooperative games.

  2. Number of Strategies: Another classification depends on the strategies available to each player. Games can be classified as having pure strategies, mixed strategies, or a combination of both.

  3. Sum of All Payoffs: Game theory considers the payoff structure, including whether the sum of the payoffs for all players remains constant (zero-sum games) or varies (non-zero-sum games).

Because all of these elements are fundamental in categorizing game theory models, the most comprehensive answer is "all of these."

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