A) Gambles of the form (x, p, y) should be equal to gambles of the form (y, p, x).
B) Gambles are not interchangeable even if the prizes are similar.
C) A person’s attitude toward a lottery is not solely dependent on the ultimate prizes.
D) Every object considered for gambling is comparable.
In the case in which parties interact with one another for an infinite or indefinite amount
of time, the game theoretic analysis indicates that ________ is the optimal choice.
A) cooperation in the first period
B) defection in the first period
C) always cooperating irrespective of the counterparty’s actions
D) always defecting irrespective of the counterparty’s actions