________ Was Invented by John Von Neumann and Oskar Morgenstern

question 97

Multiple Choice

________ was invented by John von Neumann and Oskar Morgenstern to account for the interdependence of economic factors and it is a mathematical approach that is used to anticipate a competitor's likely future strategies.

• A)Regression analysis
• B)Game theory
• C)Conjoint analysis
• D)Linear regression

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Definitions:

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.

Drawee

The party upon whom a check, draft, or other negotiable instrument is drawn and is expected to pay.

Drawer

In banking and finance, the person who writes or issues a check or draft.

Payee

The individual or entity to whom a payment is made or owed, especially noted in the context of checks or promissory notes.