Which of the Following Is Not True

question 73

Multiple Choice

Which of the following is not true?

• A)An extensive form representation usually provides more information than a normal form representation of a game.
• B)A normal form game is most useful for sequential-move games.
• C)The notion of perfect equilibrium is more useful in analyzing extensive form games than normal form games.
• D)The notion of credible threats makes more sense in extensive form representations than in normal form representations of a game.

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Definitions:

Ratio

A mathematical expression that compares two quantities and shows the relative size of one quantity to the other.

Original Ratio

Original ratio refers to the initial proportional relationship between two or more quantities before any changes are made.

Partnership

A lawful business structure where two or more people jointly manage and share the earnings.

Consignment Store

A retail store that sells items on behalf of the owner, paying them a portion of the sales proceeds.