In a Subgame-Perfect Equilibrium

question 244

Multiple Choice

In a subgame-perfect equilibrium

• A)the first mover has an advantage over other players.
• B)the last mover has an advantage over other players.
• C)each player's strategy constitutes a Nash equilibrium at every subgame of the original game.
• D)each player has the same response as the others at every subgame of the tree.

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Definitions:

Deferred Imitation

The ability to reproduce a behavior observed at an earlier time, even in the absence of the original model or stimuli.

A-not-B Error

A cognitive error observed in infants, where they repeatedly reach for an object at a previous location (A) where it was found, despite seeing it moved to a new location (B).

Hidden Objects

Items that are not easily observable and require effort to be found, often used in games and psychological tests to assess perception and attention.

Incentive

A reward or stimulus that motivates or encourages an individual to perform an action or exhibit a particular behavior.