A commitment strategy is an agreement in which players agree to:
A. submit to a penalty in the future if they defect from a given strategy.
B. cooperate in repeated games until someone defects.
C. cooperate before the game begins.
D. None of these is a definition of a commitment strategy.
Answer: A
Economics
You might also like to view...
How does an increase in real GDP affect the demand for money curve?
What will be an ideal response?
Economics
The source of the supply of loanable funds is
a. saving, and the source of the demand for loanable funds is investment. b. consumption, and the source of the demand for loanable funds is investment. c. investment, and the source of the demand for loanable funds is saving. d. the interest rate, and the source of the demand for loanable funds is saving.
Economics