The equilibrium outcome in the centipede game is to push twice only Playing an equilibrium strategy in the 2/3rds of an average game will almost always result: Economics through Transformational Learning Assignment, UCC, Ireland

Questions

Q1.  Is the following statement true or false: The equilibrium outcome in the centipede game is to push twice only.

Q2.  Is the following statement true or false: Playing an equilibrium strategy in the 2/3rds of an average game will almost always result in one winning a monetary prize.

Q3.  Is the following statement true or false: the assumption of completeness and transitivity are the two most important assumptions in the rational choice model.

Q4.  Is the following statement true or false: The removal of psychology from economic decision-making at the start of the 20th century was due to the failures of the revealed preference approach.

Q5. Is the following statement true or false: Prospect Theory seeks to offer both a prediction-based and descriptive account of decision-making.

Q6. Is the following statement true or false: Endowment effects (WTP/WTA gaps) can be cured through learning and depend on the type of good for sale.

Q7. Is the following statement true or false: It is irrational to reject a positive offer in an ultimatum game.

Q8.  Is the following statement true or false: Trust games can measure both trust and trustworthiness.

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