- Home
- / Alvin Eliot Roth
- / What economics concept used by Alvin E. Roth involves strategic decision making?
What economics concept used by Alvin E. Roth involves strategic decision making?
Game Theory
Opportunity Cost
Invisible Hand
Elasticity
Answer
Game Theory is a branch of economics that involves strategic decision making. It is based on the idea that people make decisions based on the expected outcomes of their actions, and that these outcomes are influenced by the actions of others. Game Theory has been used to study a wide variety of situations, including economics, politics, and warfare. Alvin E.
The Mastermind of Market Design: Alvin E. Roth Quiz
More Questions
Roth's approach emphasizes the practical application of economic theory to what?
At which level of economics does the work of Alvin E. Roth primarily focus?
In Alvin E. Roth's research, "Stable Allocations" involves making markets more what?
Alvin E. Roth used Game Theory to design optimal results in what kind of situations?
Alvin E. Roth was the President of the American Economic Association in what year?
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox