Assuming That People Are Capable of Accurately Self-Reporting Their Own

question 20

Essay

Assuming that people are capable of accurately self-reporting their own motives, but also aware that as communicators we all engage in some face-management, what motives do you think are minimized (and hence, under-reported) and which are exaggerated (over-reported)?

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Definitions:

Cournot

Refers to an economic model of competition among firms, where each firm decides its production level assuming the other firms' levels are fixed, leading to a state of Cournot equilibrium.

Sequential Games

Games in which players make decisions one after another, with later players having knowledge of the previous actions taken by other players.

Dominant Strategy

A strategy that is the best for a player in a game irrespective of the strategies chosen by other players.

Nash Equilibrium

A concept within game theory where no participant can benefit by changing strategies while the other participants keep theirs unchanged.