Suppose a player in a sequential game has 2 potential decision nodes, with 5 possible actions at each node. Then he has 25 possible pure strategies.
Answer the following statement true (T) or false (F)
True
Rationale: He can take 5 possible actions in the first stage. Each of these can then be combined with 5 possible actions in the second stage -- giving us 5(5)=25 possible strategies.
Economics
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Economics