2- Optimal rollback strategies are most difficult in Please indicate the correct answer

Economics Aug 07, 2020

2- Optimal rollback strategies are most difficult in Please indicate the correct answer. simultaneous games. repeated games. zero sum games. sequential games.

Expert Solution

Correct answer:

Simultaneous games

This is because in a simultaneous game, each player will select a strategy without knowledge of what the other player has chosen. Both players select a strategy at the same time. The player will not get a chance to correct any mistake made. So it is very difficult to have an optimal rollback strategy.

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