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) a Nash equilibrium.
C) a failure of dominant strategies.
D) a commitment problem.
E) a failure of dominated strategies.

Question

Quizplus · Accepted Answer

When players cannot achieve their goals because they are unable to make credible threats or promises, it is known as a commitment problem. This occurs when a player cannot commit to taking a particular action, leaving the other player uncertain about what action they should take leading to a lack of cooperation.

When Players Cannot Achieve Their Goals Because They Are Unable