Question

In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think a. openly. b. strategically. c. dominantly. d. cooperatively.

Answer 1

Answer:

The correct answer is the option B: Strategically.

Explanation:

To begin with, the concept known as "Game Theory" refers to the study that involves the mathematical models of strategic interaction among rational decision-makers. And the primary goal of this theory is try to explain and find logic in the decisions that people take when they are in a competition. It applies to many fields of the social sciences, including the economy and business sciences.

Secondly, this theory establishes that there are different types of decision makers styles and one of them is the one that thinks strategically and that one involves the action of considering how others might respond to the action the leader takes due to the fact that he considers others opinios as a way to improve the decision that would affect the future actions and operations as well.