Game Theory Is Based on the Idea That Each Participant

question 62

True/False

Game theory is based on the idea that each participant makes decisions based on how she believes the competition will react.

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Definitions:

Null Hypothesis

A statement used in statistical testing that assumes no effect or no difference and is tested against an alternative hypothesis.

Level Of Significance

The probability of making a Type I error when the null hypothesis is true as an equality.

Population Variances

A measure of the spread between numbers in a data set, showing how much each number differs from the mean of the population.

Test Statistic

A quantity derived from sample data used to decide whether to reject the null hypothesis in hypothesis testing.