Your Economics Professor Has Decided That Your Class Will Not

question 48

Multiple Choice

Your economics professor has decided that your class will not be graded on a curve but on an absolute scale. Therefore, it is possible for every student in the class to get an "A." Your grade will not depend in any way on your classmates' performance. Based on this information, you decide that you should study economics three hours each day, regardless of what your classmates do. In the language of game theory, your decision to study three hours each day is:

• A) a dominant strategy.
• B) a minimax strategy.
• C) a maximin strategy.
• D) a Prisoners' Dilemma.

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Definitions:

Final Testing Phase

The last stage in a product or software development cycle where testing is conducted to ensure quality and functionality before formal release.

Efficacy

The ability to produce a desired or intended result, often used in the context of medications or treatments.

Side Effects

Unintended and typically undesirable reactions or responses to a medication or treatment.

Human Genome Project

An international scientific research project with the goal of determining the sequence of nucleotide base pairs that make up human DNA, and of identifying and mapping all of the genes of the human genome.