This topic contains a solution. Click here to go to the answer

Author Question: If you take a maximin strategy A) you are irrational according to economic definition. B) you ... (Read 42 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
If you take a maximin strategy
 
  A) you are irrational according to economic definition.
  B) you are ensuring that the other player gets the worst possible outcome.
  C) you are getting the best possible outcome given that the other player does the thing that's worst for you.
  D) then both players are doing the best they can given the payoffs in the game.

Question 2

A government policy that makes investments prior to retirement tax exempt until retirement increases the amount saved at any given interest rate.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Answer to Question 1

C

Answer to Question 2

True. Allowing investors to earn interest on the amount owed in taxes will shift out the supply curve of funds.





 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

For a complete list of videos, visit our video library