In a two-person bargaining situation it is
A) always in the best interests of both players for each player to be as flexible as possible, and to have as many options as possible.
B) always in the best interest of the player that moves first to be as flexible as possible, and to have as many options as possible.
C) often in the best interest of players to pretend a game is noncooperative when it is not, and vice versa.
D) often in the best interest of players to cut off some of their own options in order to make the other player's threats not credible.
E) often in the best interest of players to cut off some of their own options in order to make their own threats credible.
E
You might also like to view...
How were Smith, Ricardo, Malthus and Marx, in their own ways, pessimistic about long-term development?
What will be an ideal response?
Large firms are able to lower their costs by taking advantage of ___________________.
Fill in the blank(s) with the appropriate word(s).