26. Refer to Figure
d
, which illustrates a game played by Travis and Darren. For Darren, East
is:
A. the best response.
27. Refer to Figure
d
, which illustrates a game played by Travis and Darren. For Travis, North
is:
A. the best response.
28. Refer to Figure
d
, which illustrates a game played by Travis and Darren. Travis’s dominant
strategy is:
D. West.
29. Refer to Figure
d
, which illustrates a game played by Travis and Darren. Darren’s
dominant strategy is:
A. East.
30. In a Nash equilibrium:
A. the strategy played by an individual depends upon the strategy played by other players
31. Refer to Figure
a
. Charlie and Joe both want to ride shotgun with their mother, so they
play a game of rock-paper-scissors to determine who gets to sit in the front seat. In the table, –1
represents a loss, 1 a win and 0 a tie, and Joe’s payoff is shown in the upper left-hand corner of
each cell, while Charlie’s appears in the lower right-hand corner. What is the Nash equilibrium?
A. Charlie chooses rock, Joe chooses rock
32. Refer to Figure 12.1. What is the Nash equilibrium?
A. James chooses Up, Theodore chooses Left
33. Refer to Figure 12.2. How many Nash equilibriums are there?
A. 0
34. Refer to Figure
d
, which illustrates a game played by Travis and Darren. What is the Nash
equilibrium?
A. Travis chooses North, Darren chooses East
35. A self-enforcing agreement:
A. describes an agreement in which every party involved has an incentive to abide by it, assuming
that others do the same.
36. Refer to Figure
e
. Brandon and Allie want to go on a date one summer evening. Allie is a
Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against
each other. Each would rather watch their favorite team, but neither can force the other to watch
a particular game, and each is willing to suffer through the other’s game if it means time together.
If Brandon watches the Mets, what is Allie’s best response?
D. Allie should not consider Brandon’s choice when making her decision.
37. Refer to Figure
e
. Brandon and Allie want to go on a date one summer evening. Allie is a
Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against
each other. Each would rather watch their favorite team, but neither can force the other to watch
a particular game, and each is willing to suffer through the other’s game if it means time together.
If Brandon watches the Red Sox, what is Allie’s best response?
D. Allie should not consider Brandon’s choice when making her decision.
38. Refer to Figure
e
. Brandon and Allie want to go on a date one summer evening. Allie is a
Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against
each other. Each would rather watch their favorite team, but neither can force the other to watch
a particular game, and each is willing to suffer through the other’s game if it means time together.
If Allie watches the Red Sox, what is Brandon’s best response?
D. Brandon should not consider Allie’s choice when making her decision.
39. Refer to Figure
e
. Brandon and Allie want to go on a date one summer evening. Allie is a
Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against
each other. Each would rather watch their favorite team, but neither can force the other to watch
a particular game, and each is willing to suffer through the other’s game if it means time together.
If Allie watches the Mets, what is Brandon’s best response?
D. Brandon should not consider Allie’s choice when making her decision.