First-mover advantage is:
A) most advantageous in a prisoner's dilemma-type game.
B) very important in one-round sequential games.
C) likely to lead to a positive-positive outcome.
D) None of these statements is true.

Question

Quizplus · Accepted Answer

First-mover advantage is very important in one-round sequential games, where the first player can make a move that puts them in a better position than the second player, who must then react to this move. In games with multiple rounds or iterations, first-mover advantage may not be as significant. Option A is incorrect, as prisoner's dilemma-type games are typically simultaneous games where both players make decisions at the same time. Option C is too general and doesn't accurately capture the strategic implications of first-mover advantage. Option D is incorrect as the statement in option B is true.

First-Mover Advantage Is