A Subagent Owes a Fiduciary Duty to Both the Agent

question 47

True/False

A subagent owes a fiduciary duty to both the agent and to the principal.

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Definitions:

Mixed Strategy

A strategy in game theory where a player chooses among possible moves according to a probability distribution.

Sequential Game

A game where players make decisions one after another, with each player's decision affecting the next player's set of available actions.

Sequentially Played Game

A type of game in game theory where players make their moves one after another, rather than simultaneously.

Battle of the Sexes

A concept in game theory where two players (often representing different genders) have different preferences over the outcome of a game.