The equilibrium outcome in the centipede game is to push twice only Playing an equilibrium strategy in the 2/3rds of an average game will almost always result: Economics through Transformational Learning Assignment, UCC, Ireland
| University | University College Cork (UCC) |
| Subject | Economics through Transformational Learning |
Questions
Q1. Is the following statement true or false: The equilibrium outcome in the centipede game is to push twice only.
Q2. Is the following statement true or false: Playing an equilibrium strategy in the 2/3rds of an average game will almost always result in one winning a monetary prize.
Q3. Is the following statement true or false: the assumption of completeness and transitivity are the two most important assumptions in the rational choice model.
Q4. Is the following statement true or false: The removal of psychology from economic decision-making at the start of the 20th century was due to the failures of the revealed preference approach.
Q5. Is the following statement true or false: Prospect Theory seeks to offer both a prediction-based and descriptive account of decision-making.
Q6. Is the following statement true or false: Endowment effects (WTP/WTA gaps) can be cured through learning and depend on the type of good for sale.
Q7. Is the following statement true or false: It is irrational to reject a positive offer in an ultimatum game.
Q8. Is the following statement true or false: Trust games can measure both trust and trustworthiness.
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