When There's Uncertainty as to the Length of a Game

question 44

Multiple Choice

When there's uncertainty as to the length of a game,

• A)cooperation still does not occur, because cooperation unravels at the beginning of the game.
• B)cooperation can potentially occur if trigger strategies are adopted.
• C)firms will cooperate because they treat the game as one that is infinitely repeated.
• D)firms will randomly pick among the Nash equilibria.

---

Definitions:

Autocratic Leader

This is a leadership style characterized by individual control over all decisions and little input from group members.

Management Traits

The inherent qualities, characteristics, and personalities that are considered beneficial for effective leadership and management roles.

High Concern

A state of being extremely attentive or anxious about something, especially issues of great importance or significant impact.

Democratic Leader

A leadership style characterized by the involvement of team members in decision-making processes, promoting equality, and encouraging participation and consensus.