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Business, 06.06.2020 21:02 vkffgj

A familiar adage is that it is important to "never underestimate a rival." Does behavioral game theory also suggest that it is important not to overestimate rivals? Explain. Behavioral game theory suggests that managers A. can never overestimate their rivals because they will use rational strategies. B. should not overestimate their rivals because they may have psychological biases. C. should not overestimate their rivals because they may carefully consider their strategies. D. should overestimate their rivals because they may be strategic thinkers. E. should overestimate their rivals because they may lack the ability to reason.

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