The Primary Advantage of Displaying a Game in Extensive Form

question 157

Multiple Choice

The primary advantage of displaying a game in extensive form instead of strategic form is that extensive form allows one to

• A) display the order in which decisions are made; strategic form does not.
• B) analyze repeated games; strategic form does not.
• C) determine the existence of a Nash equilibrium; strategic form does not.
• D) determine whether credible threats are possible; strategic form does not.

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Definitions:

Coordination

The process of organizing people or groups so that they work together efficiently and effectively towards a common goal.

Mass Media

Various forms of media, such as television, radio, newspapers, and the internet, that reach large audiences with information, entertainment, and advertising.

Communication

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.

Mass Medium

A means of communication that reaches large numbers of people, such as television, radio, newspapers, and the internet.