Because Many Business Situations Are Repeated Games, Firms May Be

question 164

True/False

Because many business situations are repeated games, firms may be able to avoid the prisoner's dilemma and implicitly collude to keep prices high.

Comprehend the concept of legal research and its application in drafting legal documents.

Grasp the importance of writing in the legal profession and the role of paralegals in legal communication.

Learn how to prepare for unexpected events in the legal profession.

Understand the use of various writing tools in legal writing, including dictionaries, thesauri, and style manuals.

---

Definitions:

Primary Reinforcer

A stimulus that is naturally reinforcing for a given species, such as food, water, or physical comfort, which does not require learning to be effective.

Skinner Box

An experimental apparatus used in the behavioral study of animals, named after B.F. Skinner, to study operant conditioning.

Shaping

A method of behavior training in which successive approximations toward a desired behavior are reinforced.

Premack Principle

A principle stating that a more desired activity can serve as a reinforcer for a less desired activity.