Question: 46.Explain how game theory problems (that is, decision-making problems in which there is some opponent) can be analyzed using the same techniques which are used

46.Explain how game theory problems (that is, decision-making problems in which there is some “opponent”) can be analyzed using the same techniques which are used in decision-making under uncertainty. Instead of “states of the world,” we have “actions of the opponent.” Might this make it more difficult to determine the probabilities necessary to determine expected pay¬

offs and losses? Explain.

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