Dennis and Denise Are Trying to Decide Whether to Go

question 168

Multiple Choice

Dennis and Denise are trying to decide whether to go hiking or biking this weekend. Depending on their choices, they might go together or they might go apart. Their payoffs in terms of their happiness are as follows. There exists a mixed-strategy Nash equilibrium when Denise chooses biking with a probability of ____.

• A) 3/4
• B) 2/3
• C) 1/2
• D) 1/4

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Definitions:

Hamburgers

A popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread bun.

Complements

Goods or services that increase the usability or desirability of another product or service when used in conjunction, leading to a demand relationship.

French Fries

Sliced potatoes that are deep-fried and commonly served as a side dish or snack, known for their crispy exterior and soft interior.

Hamburgers

A popular food item typically consisting of a ground meat patty placed inside a bun, often served with various condiments and toppings.