Two Games That Differ Only in the Timing of Moves-One

question 3

Multiple Choice

Two games that differ only in the timing of moves-one simultaneous,the other sequential move-can sometimes have completely different subgame-perfect equilibria. Why?

• A)The second mover to choose non-credible threats.
• B)The first mover can choose an action that it would deviate from if its action were secret.
• C)Subgame-perfect equilibrium cannot be applied to simultaneous games.
• D)All of the above.