OPSC OAS Paper 1 GS 2022 Solved Paper

Question : 9 of 100

Marks: +1, -0

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?

(i), (iii) and (iv)
(i), (ii) and (iii)
(ii), (iii) and (iv)
(i), (ii) and (iv)

Validate

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