The Terminal Nodes in an Extensive Form Representation

question 17

Multiple Choice

The terminal nodes in an extensive form representation

• A) are used solely to show payoffs that represent a Nash equilibrium.
• B) represent the starting points for a sequential game.
• C) indicate the strategies available to the players of a game.
• D) indicate the possible outcomes of a game.

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Definitions:

Accommodation

The act of adjusting or adapting one's actions, decisions, or opinions to accommodate or meet the needs of others.

Intangibles

Non-material factors that can influence negotiations, such as reputation, relationships, or principles.

Bargaining mix

The range of topics, issues, or objectives that parties negotiate and discuss in an attempt to reach an agreement.

Avoidance strategy

A method chosen to sidestep potential problems, conflicts, or risks by staying away from certain actions or decisions.