In the Above Decision Tree,Matthew Picks First and Dean Picks

question 124

Multiple Choice

In the above decision tree,Matthew picks first and Dean picks second.Matthew and Dean both know the payoffs to each choice for both themselves and each other.In this game,Matthew is the remote owner of an office that is managed by Dean,and Dean promises to always choose the upper branch at Y or Z in order to maximize Matthew's payoff.
-Refer to the above decision tree.Suppose that the society in which Matthew and Dean live is one in which all citizens have been strongly conditioned to behave honestly,such that Dean would be willing to pay 600,000 to avoid the feelings of guilt that would accompany dishonest behaviour.One can predict that Matthew will pick ________ because ________.

• A) Y;it provides higher payoffs than Z
• B) Y;he knows that Dean will pick the upper branch
• C) Y;he knows that Dean will pick the lower branch
• D) Z;he knows that Dean will pick the upper branch
• E) Z;he knows that Dean will pick the lower branch

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Definitions:

Metacognition

The consciousness and comprehension of an individual's own cognitive mechanisms, commonly described as "thinking about thinking."

Cognitive Abilities

Refers to the mental capabilities that involve the ability to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.

Encoding

The process of converting information into a form that can be stored in memory, such as transforming sensory input into meaningful data.

Braxton-Hicks Contractions

The first (usually painless) contractions of childbirth.