Game Theory Was Developed in the 1940s by John Von

question 28

Multiple Choice

Game theory was developed in the 1940s by John von Neuman, a mathematician, and an economist named

• A) John Nash.
• B) John Maynard Keynes.
• C) Oskar Morgenstern.
• D) Milton Friedman.

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Definitions:

Actual Drug

Refers to a pharmaceutical compound that has a therapeutic effect when administered, as opposed to a placebo which has no pharmacological effect.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Extraneous Variable

Any variable that is not intentionally studied in the experiment, which can affect the outcome and potentially confound the results if not controlled.

Dependent Variable

The variable being tested and measured in a scientific experiment, expected to change as a result of alterations in the independent variable.