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Consider the following statements in respect of Game Theory of Policy Evaluation : The basic concepts of Game Theory model are : (i) Players in a game can be people, governments or institutions. (ii) Strategies are selected by players without anticipating the moves of other players. (iii) Players have different preferences among the possible outcomes. (iv) Payoffs are often used to represent the value of these outcomes to different players. Which of the above statement/s is / are correct ?
This question appeared in the OPSC Prelims 2021 examination (GS). It is Question 64 out of 179 questions in this paper.
This question was part of the OPSC Prelims 2021 (GS). The OPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all OPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.