An Equilibrium to a Game of Incomplete Information Where Players

question 26

Multiple Choice

An equilibrium to a game of incomplete information where players of different types take different actions so that others are able to learn their type from the action they take is called a

• A) Nash equilibrium
• B) pooling equilibrium
• C) separating equilibrium

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Definitions:

Ergo Propter Hoc

Refers to the logical fallacy where it is assumed that because one thing follows another, the first thing caused the second.

Fallacy

An incorrect belief or mistaken reasoning often based on unsound argument.

Deregulated

Refers to the reduction or elimination of government power in a particular industry, usually to create more competition and increase efficiency.

Post Hoc

Post hoc, short for "post hoc ergo propter hoc," is a logical fallacy that assumes a cause-and-effect relationship simply because one event follows another.