Barak Is Considering Buying a Hybrid Car,but He's Not Sure

question 97

Multiple Choice

Barak is considering buying a hybrid car,but he's not sure that he believes the gas mileage estimates.Barak is concerned about

• A) physiological risk.
• B) social risk.
• C) financial risk.
• D) safety risk.
• E) performance risk.

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Definitions:

Dominant Strategy

In game theory, an approach that secures the optimal result for a participant, no matter the actions taken by other competitors.

Cooperate

To work or act together towards a common goal or benefit, often seen in contexts of game theory, business, and social interactions.

Defect

An imperfection or shortcoming in a product, system, or process that detracts from its intended function or performance.

Payoff

The return or profit gained from an investment or decision.