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KonstantinChe [14]
3 years ago
15

Elly owns a small coffee shop. she has only one employee. one​ weekend, she decided to take a break from work. she is wondering

whether she should trust her employee to run the shop in her absence. if she does not trust​ him, she would have to keep the shop​ closed, in which case neither she nor her employee will be able to make money. on the other​ hand, if she trusts​ him, he can either cooperate and run the​ shop, or he can defect and steal from the shop. if he​ cooperates, both of them will earn money. if he steals from the​ shop, he will make more money while she will lose. refer to the scenario above. elly should use​ ________ to make her decision.
a. forward induction
b. mixed strategies
c. backward induction
d. her dominant strategy
Business
1 answer:
Rudiy273 years ago
5 0
<span>The answer to your question is 
</span>\boxed{\bf C.~backwards~induction}&#10;<span>

</span>
\bf Explanation:
<span>
Backward induction is a process of decision making where you reason backward of the situation. 
</span><span>
Hope this helped!</span>
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