Why are the symbols R and K used for strategies?

Answer 1

In game theory and decision-making, the symbols R and K are often used to represent different strategies or actions. Specifically, R typically denotes a "risky" strategy that involves higher potential rewards but also higher risks, while K represents a "conservative" strategy that prioritizes stability and lower risk. These symbols help to simplify complex strategic choices and facilitate analysis of various outcomes in competitive scenarios. Their use allows for a clear distinction between contrasting approaches in strategic planning.