Economist John Nash Analyzed Game Theory and Came Up with a Most

question 138

Multiple Choice

Economist John Nash analyzed game theory and came up with a most likely outcome based on the best net benefit to each party. Such an outcome is called the:

• A) production possibilities matrix.
• B) payoff matrix.
• C) foursquare decision algorithm.
• D) Nash equilibrium.

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Definitions:

Interrater

An assessment of the degree to which different raters or observers give consistent estimates or judgments of the same phenomenon.

Parallel Forms

A method of reliability testing in which different versions of a test are administered to the same individuals at different times to measure consistency between the forms.

Test-Retest

A reliability measure to assess the consistency of a test over time by administering the same test to the same subjects at two different points in time.

Internal Consistency

A measure of the reliability of a psychological test or survey, based on the average correlation between items on the same test.