A commitment strategy can:
A)be used to change players' payoffs to encourage cooperation.
B)allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain.
C)result in a positive-positive outcome.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

A commitment strategy can indeed be used to alter players' payoffs to encourage cooperation, enable players to reach a mutually beneficial equilibrium that might be hard to maintain otherwise, and result in outcomes where all parties benefit, making all the statements true.

A Commitment Strategy Can