The Two Basic Elements of a True Experimental Design Are

question 24

Multiple Choice

The two basic elements of a true experimental design are

• A) a control group and random allocation of subjects to conditions
• B) a control group or a control condition and random allocation of subjects to groups
• C) random selection of subjects and random allocation of subjects to conditions
• D) random selection of subjects and each subject experiences every condition

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Definitions:

Extensive Form

A representation of a game that displays the sequences of choices available to players, including their possible strategies and outcomes.

Nash Equilibrium

A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged, indicating optimal decision-making among competitors.

Preempted Entry

A strategy employed by existing firms in a market to deter new competitors from entering the market, often through barriers to entry or aggressive competitive practices.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep theirs unchanged; it represents a state of mutual strategy optimization.