Games That Are Played More Than Once Generally

question 213

Multiple Choice

Games that are played more than once generally

• A)lead to outcomes dominated purely by self-interest.
• B)lead to outcomes that do not reflect joint rationality.
• C)encourage cheating on cartel production quotas.
• D)make collusive arrangements easier to enforce.

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Definitions:

Classical Conditioning

refers to a learning process that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Escape Learning

A form of learning in which an organism acquires a response to end an aversive stimulus, effectively learning to avoid discomfort or negative outcomes.

Principle Of Belongness

The theory that states individuals have an innate desire to belong and be an integral part of groups.

Pigeon

A bird of the family Columbidae, known for its ability to find its way home over long distances and commonly found in urban and rural areas worldwide.