When players cannot achieve their goals because they are unable to make credible threats or promises, the situation is called a:
A)prisoner's dilemma.
B)Nash equilibrium.
C)failure of dominant strategies.
D)commitment problem.

Question

Quizplus · Accepted Answer

A commitment problem is a situation in which people cannot achieve their goals because they cannot credibly commit to a threat or promise.

When Players Cannot Achieve Their Goals Because They Are Unable