Defensive Pessimism and a Pessimistic Explanatory Style __________

question 45

Multiple Choice

Defensive pessimism and a pessimistic explanatory style __________.

• A) refer to the same thing
• B) differ, because defensive pessimists are not convinced that the worst will continue to happen but try to prepare in case it does
• C) are similar, because both styles assume that the worst will continue to happen
• D) differ, because defensive pessimists are convinced that the worst will continue, whereas those with a pessimistic explanatory style are not

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Definitions:

Game Theory

A branch of mathematics and economics that studies strategic interactions among rational decision-makers.

Solitaire

A card game played by one person or a metaphor for any activity done alone without the need for other participants.

Oligopoly Behavior

Strategic actions by firms in a market where a few dominant firms interact, leading to solutions and outcomes that depend on the choices of the other market participants.

Prisoner's Dilemma

The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.