Commitment Strategies

question 97

Multiple Choice

Commitment strategies:

• A) are not necessary to reach a mutually beneficial equilibrium in repeated games.
• B) are always needed to reach a mutually beneficial equilibrium in single-round games.
• C) usually fail to work.
• D) are not observed in reality.

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Definitions:

Self-efficacy

A belief in one's own capability to organize and execute the courses of action required to manage prospective situations.

Praise From Parents

Positive reinforcement and encouragement given by parents to their children, affecting their self-esteem and behavior.

Child's Relationship

The connections and interactions a child has with others, particularly significant caregivers, which shape their development and well-being.

Trusting Attitude

A predisposition to believe that others are reliable and have good intentions.