The difference between cooperative and non-cooperative games is
A) cooperative games allow side payments to support collusion
B) non-cooperative games encourage communication of sensitive information between arms-length competitors
C) cooperative games involve randomized behavior
D) cooperative games necessitate an explicit order of play
E) inconsequential except when players have contractual relationships

Question

Quizplus · Accepted Answer

Cooperative games allow for the possibility of side payments or transfers among players to facilitate agreements or collusion, which is not a feature of non-cooperative games. Non-cooperative games typically do not involve such arrangements and focus on strategy in the absence of binding agreements.

The Difference Between Cooperative and Non-Cooperative Games Is