Consider the Following Game in Which Sally Can Play T

question 4

Multiple Choice

Consider the following game in which Sally can play T or B and John chooses between L or R.Each player makes their choice simultaneously.If Sally chooses T and John chooses L, Sally gets a payoff of 5 and John has a payoff of 4.If Sally plays T and John R, Sally's payoff is 8 and John gets 3.If Sally Chooses B and John L, the payoffs are 3 to Sally and 2 to John.Finally, if Sally chooses B and John R, the payoffs are 7 to Sally and 0 to John.What is the Nash equilibrium of the game?

• A)(T, L)
• B)(B, L)
• C)(B, R)
• D)(T, R) and (B, R)
• E)None of the above.

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Definitions:

Wage Earner

Refers to an individual who receives a regular salary or wages, typically in exchange for providing labor to an employer.

Preschool Children

Refers to young children, typically aged between 2 and 5 years, who are in the initial stages of formal education prior to attending kindergarten.

Achieved Status

A social position that a person gains as a result of personal effort, talent, or accomplishment, rather than by virtue of birth.

Monogamy

A relationship structure where an individual has only one partner during their lifetime or at any one time (serial monogamy).