A commitment problem exists when players
A) cannot make credible threats or promises.
B) cannot make threats.
C) decide whether to play the game.
D) cannot make promises.
E) are playing games where timing does not matter.

Question

Quizplus · Accepted Answer

A commitment problem arises when players cannot make credible threats or promises, which affects their ability to commit to a course of action that would be beneficial in strategic interactions.

A Commitment Problem Exists When Players