9. Pre-commitment is one way to solve the chicken game. Which of the following statements about pre- commitment is CORRECT? It has no effect if the other party is informed of the information | committed. It is a strategic thinking that creates a situation in which the other party has no choice but to make concessions, informs them later, and obtains concessions from the other party. In some cases, adopting a seemingly favorable strategy to commit an action is effective in building trust in the commit. It is important to understand each other's information structure, such O as how much you know each other and how much you know that the other knows. 10. Which of the following statements about chicken game solution is NOT correct? If there is at least one company in the market that maintains a super- O hard stance that is not afraid of the worst, it is difficult to become a winner in the chicken game. The price-competitive chicken game occurs when there are differences between products. Through repeated game, players learn how to avoid collisions and choose strategies to win all. Under general conditions, the average payoffs in subgame-perfect equilibria of long finitely repeated O versions of the game are very close to any average payoffs attainable in the infinitely repeated versions of the game