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2024 update|Games of Strategy Final| latest |COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED SOLUTIONS | GET IT 100% ACCURATE!!

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Voorbeeld van de inhoud

10/29/24, 6:40 PM 2024 update|Games of Strategy Final|2024-2025 latest |COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED S…




2024 update|Games of Strategy Final|2024-
2025 latest |COMPREHENSIVE MOST TESTED
QUESTIONS AND VERIFIED SOLUTIONS | GET IT
100% ACCURATE!!


Terms in this set (92)


An upper bound on the probability of fulfillment in a
brinkmanship threat, expressed as a function of the
Acceptability Condition
probability of error, showing the upper limit of risk
that the player making the treat is willing to tolerate.

If the occurrence of X requires the occurrence of
any one of several disjoint Y, Z,..., then the
Addition Rule
probability of X is the sum of the separate
probabilities of Y, Z, ...

A form of information asymmetry where a player's
Adverse Selection type (available strategies, payoffs...) is his private
information, not directly known to others.

A voting situation where the order in which
Agenda Paradox alternatives are paired when voting in multiple
round determines the final outcome.

The agent is the more-informed player in a
principal-agent game of asymmetric information.
Agent The principal (less-informed) player in such hames
attempts to design a mechanism that aligns the
agent's incentives with his own.

An auction in which each person who submits a bid
All-Play Auction must pay her highest bid amount at the end of the
auction, even if she does not win the auction.




https://quizlet.com/964111216/2024-updategames-of-strategy-final2024-2025-latest-comprehensive-most-tested-questions-and-verified-solutions… 1/11

, 10/29/24, 6:40 PM 2024 update|Games of Strategy Final|2024-2025 latest |COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED S…

A sequential move procedure of bargaining in
which, if the offer made by one player is refused by
Alternating Offers
the other, then the refuser gets the next turn to
make an offer, and so on.

A procedure in which any amended version of a
proposal must win a vote against the original version
Amendment Procedure
before the winning version is put to a vote against
the status quo.

A voting method in which voters cast votes for all
Approval Voting
alternatives of which they approve.

An open outcry auction in which the actioneer
accepts ascending bids during the course of the
Ascending Auction
auction; the highest bid wins. Also called English
auction.

A game where each player has two strategies, say
cooperate and not, such that the best response of
Assurance Game each is to cooperate if the other cooperates, not if
not, and the outcome from )cooperate, cooperate)
is better for both than the outcome of (not, not).

Information is said to be asymmetric in a game if
some aspects of it - rules about what actions are
permitted and the order of moves if any, payoffs as
functions of the players strategies, outcomes of
Asymmetric Information
random choices by "nature," and of previous actions
by the actual players in the game - are known to
some of the players but are not common
knowledge.

In a game where communication among among
players (which does not affect their payoffs directly)
is followed by their choices of actual strategies, a
Babbling Equilibrium
babbling equilibrium is one where the strategies are
chosen ignoring the communication, and the
communication at the first stage can be arbitrary.

Backward Induction Same as rollback.




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