Something that changes incentives so as to make otherwise empty threats or promises credible is called a:
A)Nash equilibrium.
B)commitment device.
C)strategic device.
D)dominant strategy.

Name: Something that changes incentives so as to make otherwise empty threats or promises credible is called a: A)Nash equilibrium. B)commitment device. C)strategic device. D)dominant strategy.
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Question

Quizplus · Accepted Answer

A commitment device changes incentives to overcome the commitment problem.

Something That Changes Incentives So as to Make Otherwise Empty