Game Theory Explains

question 41

Multiple Choice

Game theory explains:

• A) gambling problems.
• B) how the decisions are made in a game of soccer.
• C) strategic responses of firms.
• D) the effect of games on the economy.

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Definitions:

Successive Approximations

A behavior modification technique involving the reinforcement of behaviors that are progressively closer to the desired behavior.

Reinforcing

The process of strengthening a behavior by providing a consequence that the individual finds rewarding.

Punishing

The act of imposing a penalty or negative consequence for an undesirable action or behavior, with the intent of reducing or eliminating that behavior.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.