Commitment Devices Are Necessary When

question 68

Multiple Choice

Commitment devices are necessary when:

• A)people cannot correctly identify their dominant strategy.
• B)players cannot trust that other players will avoid playing a dominated strategy.
• C)following through on a threat or promise is not in a player's best interest.
• D)commitments cannot be purchased.

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The use of words or phrases that repeat the same meaning unnecessarily.

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An error in the usage of language rules that affects the correctness of speech or writing.

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