Asked by
Ebony Anderson
on Nov 26, 2024
Verified
In game theory, the credibility of a threat
A) determines whether or not a Nash equilibrium to a game exists.
B) influences the degree of cooperation between two rivals.
C) is relevant only in simultaneous games.
D) determines whether or not a firm has a dominant strategy.
Credibility
The quality of being trusted and believed in, often based on a history of accuracy and reliability.
Dominant Strategy
In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.
- Gain insight into the introductory concepts of game theory, which comprise Nash equilibrium, payoff matrices, and dominant strategies.
Verified Answer
TS
Learning Objectives
- Gain insight into the introductory concepts of game theory, which comprise Nash equilibrium, payoff matrices, and dominant strategies.
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