Table 17-21 The Chicken Game Is Named for a Contest in Which

question 226

Multiple Choice

Table 17-21
The Chicken Game is named for a contest in which drivers test their courage by driving straight at each other. John and Paul have a common interest to avoid crashing into each other, but they also have a personal, competing interest to not turn first to demonstrate their courage to those observing the contest. The payoff table for this situation is provided below. The payoffs are shown as (John, Paul) .
-Refer to Table 17-21. If Paul chooses Turn, what will John choose to do and what will John's payoff equal?

• A)Turn, 10
• B)Drive Straight, 20
• C)Turn, 5
• D)Drive Straight, 0

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Definitions:

Excessive Self-Confidence

is an inflated sense of one's abilities or worth, often leading to taking undue risks or failing to recognize one's limitations.

Incompetence

The lack of ability, knowledge, or qualification to perform effectively a duty or task.

Difficulty

The state or condition of being hard to do, deal with, or understand; the level of challenge that a task or problem presents.

Materialistic

A tendency to consider material possessions and physical comfort as more important than spiritual, intellectual, or cultural values.