In game theory, it is often uncertain what the other party
Will do, so there could be more than one "best" outcome.
In that case, often, there is an advantage called:
A)riskavoidance advantage.
B)firstmover advantage.
C)circular advantage.
D)parameter testing.

Question

In game theory, it is often uncertain what the other party
Will do, so there could be more than one "best" outcome.
In that case, often, there is an advantage called:
A)risk­avoidance advantage.
B)first­mover advantage.
C)circular advantage.
D)parameter testing.

Quizplus · Accepted Answer

The first-mover advantage refers to the benefits a player can gain by being the first to make a move in a strategic setting, potentially influencing the subsequent actions of other players.

In Game Theory, It Is Often Uncertain What the Other