Use the Following Setup

question 10

Multiple Choice

use the following setup
Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50) or low price ($20) and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60.
-​Would the customer be able to convince the shopkeeper that he would walk out if he receives a high price?

• A)​Yes,because walking out is most profitable move for the customer
• B)No,because walking out is an unprofitable strategy for the customer
• C)No,because walking out is not a credible threat
• D)​Both B&C

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Definitions:

Brightness

The perception of how luminous an object appears; the attribute of visual perception by which sources appear to emit more or less light.

Saturation

In color theory, saturation refers to the intensity of a color, represented by how vibrant or dull the color appears.

Inattentional Blindness

A psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight due to focusing attention on other tasks or objects.

Colour Vision

Colour vision is the capability of the visual system to distinguish and interpret different wavelengths of light as distinct colours.