To find credible equilibria we solve the game backwards to eliminate non-credible threats.Group of answer choicesTrueFalse

Select all statements that are false.[Note that this quesiton allows partial marks. Each correct answer is awarded equal marks, but if you choose a wrong answer you will be awarded negative marks, with a lower bound 0, so you do not receive negative score in any question. For example, if there are two true statements, then you are awarded 1 mark for each true statement you choose, and you are awarded -1 mark for each false statement you pick.] In an extensive-form game, a Nash equilibrium cannot include non-credible threats If there are more than one subgame perfect equilibria, then a player must be indifferent between their actions at some node In an extensive-form game, the whole game tree is also a subgame. The number of subgames in an extensive form game tree equals the total number of nodes in the tree, including the terminal nodes ('leaves')

If a strategic move is credible, it is likely toGroup of answer choicesbe the dominant strategy of all the players in the game.change the actions of rivals.result in repeated, sequential interactions.result in self-enforcing outcomes.none of the other answers are correct

A “credible” threat is a threat of action that a playerGroup of answer choicesmakes in a believable way.commits himself or herself to carry out.undertakes when he can predict what the other player plays.would be willing to undertake if it maximises his/her payoff.plays all the time regardless of what the other player plays.

What is a "credible threat" in game theory?  A. A threat that is believable and likely to be carried out  B. A threat that is made but never acted upon  C. A threat that is exaggerated  D. A threat that is randomly chosen

n a Nash equilibriumGroup of answer choicesOne player only plays their best response to their rivals’ strategiesAll players play their best responses to their rivals’ strategiesEvery player always plays their dominant strategySurplus is always maximisedNone of the above