A Sub-Game Perfect Nash Equilibrium Is Defined as

question 52

Multiple Choice

A sub-game perfect Nash equilibrium is defined as

• A) a set of strategies that are a Nash equilibrium in every subgame of a static game.
• B) a set of strategies that are a Nash equilibrium in every subgame of a dynamic game.
• C) a set of strategies that are a Nash equilibrium in a single subgame of a dynamic game.
• D) the game within the game.

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Definitions:

Congress

The bicameral legislature of the federal government of the United States, consisting of two houses: the Senate and the House of Representatives.

Majority Leader

A legislative position held by a member of the majority party in a legislative body who directs the legislative agenda and strategy of their party.

Minority Leader

The head of the minority party in a legislative body, responsible for coordinating the party's strategy and opposition.

Casework

The assistance provided by members of Congress to their constituents in dealing with governmental agencies and resolving issues or concerns.