One Reason That Commitment Problems Arise Is That

question 92

Multiple Choice

One reason that commitment problems arise is that:

• A)people do not always correctly identify their own dominant strategy.
• B)players cannot trust that other players will avoid playing their dominated strategy.
• C)following through on a threat or promise often violates the cost-benefit principle.
• D)commitments cannot be purchased.

---

Definitions:

Medical Insurance

A form of insurance that covers the whole or part of the risk of a person incurring medical expenses.

Transductive Reasoning

A type of thinking typical in early childhood where children make inferences from specific instances to other specific instances.

Intuitive

Relating to the ability to understand or know something without conscious reasoning; instinctive.

Centrated

Focusing attention on one aspect of a situation or object while ignoring others, a concept found in Piaget's theory of cognitive development.