A typical firm in a cartel will hold which of the following attitudes?
A) If everyone cheats, I'm better off, and so is everyone in the cartel.
B) If I alone cheat, I'm better off; if everyone cheats, I'm worse off.
C) I can never do better for myself than following agreed-upon cartel rules.
D) If I suspect others are planning to cheat, I'll do best for myself by deciding not to cheat.
Question 2
Which of the following factors affecting decision-making is studied by Behavioral Game Theory?
A) psychological biases
B) limited power of calculation
C) weather forecast
D) A and B are correct
Drake - Hold On Were Going Home
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