Author Question: Refer to the scenario above. Phillip should play this game using ________. A) backward induction ... (Read 77 times)

arivle123 · **on:** Jun 29, 2018

Refer to the scenario above. Phillip should play this game using ________.

A) backward induction
B) forward induction
C) mixed strategies
D) his dominated strategy

Question 2

The analysis in Chapter 15 implies that the housing bubble of the last decade would likely have been avoided if

A) the Fed had pursued a monetary equilibrium policy as opposed to cheap interest rate policies.
B) people weren't as greedy as they were during the beginning and middle of the bubble.
C) price controls were established to keep home prices from rising as high as they did.
D) markets were better regulated.