The Process in Which an Observer Learns Something New Through

question 33

Multiple Choice

The process in which an observer learns something new through experiences with others is called:

• A) observational conditioning.
• B) stimulus enhancement.
• C) social transmission of information.
• D) emotional contagion.

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Definitions:

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

Dominant Strategy

A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.

Repeated Games

A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.