Which of the following is true about games in which people have different information?
A) Participants in these games can sometimes learn important information from the behavior of others.
B) Participants in these games never act in a way contrary to his immediate interests.
C) Participants in these games always act in a way contrary to his immediate interests.
D) These games always have a Nash equilibrium.

Question

Quizplus · Accepted Answer

In games with incomplete information, participants may not have full knowledge of the other players' preferences, payoffs, or strategies. As a result, participants may sometimes engage in strategic behavior, observing the actions of others to infer information about their preferences, beliefs, or intentions. This can lead to learning and strategic adjustments that affect the outcome of the game. Therefore, option A is correct. Option B and C are incorrect because they make generalizations about the behavior of participants that are not necessarily true. Option D is incorrect because not all games with incomplete information have a Nash equilibrium, especially if they involve multiple equilibria or strategic uncertainty.

Which of the Following Is True About Games in Which