What is meant by "first-mover advantage"? Give an example of a gaming situation with a first-mover advantage.

Full question:

What is meant by "first-mover advantage"? Give an example of a gaming situation with a first-mover advantage. "First-mover advantage" is where the player that moves first A. punishes its opponent by reducing its opponent's payoffpunishes its opponent by reducing its opponent's payoff. B. maximizes the minimum gain it can earn. C. maximizes joint payoffs for all players. D. maximizes its own payoff no matter what its opponent does. E. receives the highest payoff. An example of a gaming situation with a first-mover advantage is A. checkerscheckers. B. connect dash 4connect-4. C. rock, paper, scissors. D. both a and b. E. all of the above.

Answer:

D. maximizes its own payoff no matter what its opponent does

C. rock, paper, scissors

Explanation:

The first mover advantage is used to describe the advantage of gained by a business when it first enters a market segment before every other business. This advantage allows the business more market share or monopoly in comparison to other businesses that enter the market later.

From the above we liken this advantage to rock, scissors and papers where the first player to choose the right object such as rock Vs scissors wins.

First mover advantage means that the player who has taken the first move is more likely to win or reach goal as compared to the second player.

Tic Tac Toe is the game in which if the player marks in the center of table then he gets more chances to win the game.

Explanation:

First mover advantage is not true for all the games.