An Equilibrium in a Game in Which Players Pursue Their

question 184

Multiple Choice

An equilibrium in a game in which players pursue their own self-interest is called

• A)a Nash equilibrium.
• B)a cooperative equilibrium.
• C)a noncooperative equilibrium.
• D)a prisoner's dilemma.

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Definitions:

Margin of error

The amount of error that can be tolerated in survey or poll results, often used in describing the accuracy of a confidence interval.

Electric usage

The amount of electrical energy consumed by a device, household, or establishment over a given time period.

Edmund Charles Genet

Edmund Charles Genet was a French envoy to the United States in the 1790s, whose actions, including the unauthorized recruitment of American mercenaries to attack British ships, led to the Genet Affair, testing U.S. neutrality.