Problems for Chapter 8


I. Describe a situation in your own life in the past month that involved commitment strategies. 

II. Are you a party to any bilateral monopoly bargaining situations? If so, how do you reach agreement with the other party?

III. All of us are often in situations that look like prisoner's dilemma games--where either party can gain by betraying the other. Yet most of the time, neither party betrays. Why do you think this is? You might consider some real world interaction you have experience of.