Something That Changes Incentives So as to Make Otherwise Empty

question 142

Multiple Choice

Something that changes incentives so as to make otherwise empty threats or promises credible is called a:

• A)Nash equilibrium.
• B)commitment device.
• C)strategic device.
• D)dominant strategy.

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Definitions:

Activities

Tasks, events, or actions undertaken by individuals, often for enjoyment, relaxation, or achieving specific goals.

Hartshorne and May

Researchers known for their studies in the field of moral development, particularly for their work in the 1920s on honesty in children.

Research

The systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Cheat

To act dishonestly or unfairly in order to gain an advantage, especially in a game or examination.