Using a decision tree:
A) allows a player to see his optimal strategy in a simultaneous game.
B) can help identify the dominant strategies in a prisoner's dilemma-type game.
C) allows a player to see his optimal strategy in a sequential game.
D) can help define a binding commitment strategy.

Question

Quizplus · Accepted Answer

A decision tree shows the sequential order of decision-making and the possible outcomes, allowing a player to see his optimal strategy in a sequential game. It does not necessarily show dominant strategies or binding commitments, as those concepts can be identified through other game theory tools.

Using a Decision Tree