What Does the Term "Commitment" Refer to in Game Theory

question 188

Essay

What does the term "commitment" refer to in game theory?

---

Definitions:

Enforceable

Pertaining to a contract or agreement that can be legally compelled to be adhered to or fulfilled by the parties involved.

Partnering Agreement

An agreement between a seller and a buyer who frequently do business with each other on the terms and conditions that will apply to all subsequently formed electronic contracts.

E-transactions

Electronic transactions involving the exchange of goods, services, or financial assets over digital networks.

Future

A term indicating the time or a period that is to come after the present.