Game Theory is a mathematical framework used to model strategic interactions among rational decision-makers where the outcome for each participant depends on the actions of all participants. It is extensively applied in economics, political science (including policy analysis), psychology, and biology to analyze situations involving conflict, cooperation, and competition. Rational choice in competitive scenarios is the central focus of game theory.
Policy as Rational choice in competitive situation is:
Asked in OPSC CS Prelims 2020 · Topic: The Governance System (Meaning, Scope, and Dimensions of Governance)
More Indian Polity and Governance questions
- Consider the following statements in respect of Welfare State : A Welfare State is one which : (i) Promotes political wellbeing of it's citizens. (ii) Protects social wellbeing of it's electorate. (iii) Is based on the principle of equal opportunity. (iv) Promotes equal distribution of wealth. Which of the above statement/s is / are correct ?
- Consider the following statements in respect of Pressure Groups : These groups act as Interest Groups and : (i) Can influence the government regarding their particular interests. (ii) The policies pursued by these groups will provide common benefits to society. (iii) In order to influence the government they require number of members. (iv) State Centred Theory assumes that these groups do not have enough popular support. Which of the above statement/s is / are correct ?
- 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 ?
- Consider the following statements in respect of Incremental Model of Policy Formulation: (i) The concept of incrementalism policy formulation is put forwarded by Robert Dahl. (ii) The disjointed policy making depicts policy making as a process of muddling through. (iii) The synoptic model of policy formulation acknowledges man's limited problem solving capacities. (iv) Disjointed incrementalism explains governmental decision making. (v) Logical incrementalism explains strategy formulation in large and complex business organisations. Which of the above statement/s is / are correct ?
- During which part of the ‘public policy cycle’ does the government explore potential policy responses?
- Which of the following are true about Public Policy?
- Which of the following are correct? Substantive Public Policies are those which; (1) plan and programme to get things done (2) allocate resources/services to particular segments of larger society (3) directly distribute benefits or costs for citizens (4) impose restrictions on behaviours
- Which of the statements about Public Policy are Correct? 'A Public Policy may be; (1) General or Specific (2) Broad or Narrow (3) Positive or Negative (4) Rational or Irrational