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Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch. In the equilibrium of this game, Lee chooses ________, and then Cody chooses ________.
Piaget
A reference to Jean Piaget, a Swiss psychologist known for his pioneering work in the study of child development and cognitive theory.
Concrete Operational
A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.
Formal Operational
The stage in Piaget's theory of cognitive development during which people develop the ability to think about abstract concepts and logically test hypotheses.
Cognitive Capacities
The mental abilities or faculties related to the processing of information, perception, reasoning, and memory.
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