In a Dynamic Game, Rational Players

question 33

Multiple Choice

In a dynamic game, rational players

• A)will reject outcomes that are not subgame perfect.
• B)use backward induction to determine best responses.
• C)have strategies that select a Nash equilibrium in the game as a whole.
• D)All of the above.

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Definitions:

Savings Accounts

Accounts with funds that usually cannot be withdrawn without advance notice; also known as time deposits.