All of the Following Statements Are True Except

question 54

Multiple Choice

All of the following statements are true except:

• A)In a Nash game, each player will have a dominant strategy.
• B)A Cournot equilibrium is an example of a Nash equilibrium.
• C)A Bertrand equilibrium is an example of a Nash equilibrium.
• D)A game can be both Nash and Cournot at the same time.

---

Definitions:

Arbitrage Reaction

The immediate activity performed by arbitrageurs to exploit price differences between markets or securities for profit.

Risks

The probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.

Arbitrage

Arbitrage is the simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.

Overconfidence

The belief that your abilities are better than they really are.