Question

How are games in game theory​ played? In game​ theory,
A. players determine their objectives and then payoffs are randomly assigned.
B. agents determine their​ objectives, and principals are hired by contract to achieve those objectives.
C. rules determine what actions are​ allowable, players employ strategies to attain their​ objectives, and payoffs are the results of the interaction among the​ players' strategies.
D. players employ strategies to attain their objectives sequentially so that they are not affected by the actions of other players.
E. a natural experiment is used to determine the effect of a factor by treating

Answer 1

Answer: C

Explanation:

The players get to follow the set rules of the game. And they try to follow this rules and employ different strategies to attain their objectives and pay off is the result and it should be noted also that to be fully defined, a game must specify the following elements:

The players of the game

The information and actions available to each player at each decision point, and the payoffs for each outcome.

Answer 2

Answer:

In game theory :

C. rules determine what actions are​ allowable, players employ strategies to attain their​ objectives, and payoffs are the results of the interaction among the​ players' strategies.

Explanation:

The game theory, explains how a game is determined by rules, but mustly by the interaction among players. There for to generate any strategy, a player must take on account both: the rules and the movements other players have done.

This is the only way a game can developed, it is defined and refined by the new interactions being displayed.

This way of funcitoning is how the game is dinamic, because it is constanlty changing. The result or the payoffs are also dependable on each players moves. This means that the players benefit from others players actions.