In a Repeated Game,punishments That Result in Heavy Damages Are

question 68

Multiple Choice

In a repeated game,punishments that result in heavy damages are an incentive for players to adopt the strategies that result in a ________ equilibrium.

• A)contestable
• B)strategic
• C)complementary
• D)cooperative
• E)satisfying

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Definitions:

Heuristic

A problem-solving approach that employs a practical method or various shortcuts to produce solutions that may not be perfect but are sufficient for the immediate goals.

Divergent

Thinking or a thought process that generates creative ideas by exploring many possible solutions, contrasting with convergent thinking.

Subgoals

Intermediate objectives set as part of a strategy to achieve a larger goal, helping to organize efforts and measure progress.

Working Backwards

Working backwards is a problem-solving strategy that involves starting with the conclusion or desired outcome and then deducing the steps needed to reach that outcome.