Dennis and Denise Are Trying to Decide Whether to Go

question 140

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 hiking with a probability of ____.

• A) 3/4
• B) 2/3
• C) 1/2
• D) 1/4

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Definitions:

Short-Term

Pertaining to or lasting a brief period of time, often used to describe memory or objectives that are near-term.

Emotionally Charged

Refers to situations or topics that evoke strong feelings or emotions.

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Early Childhood

The period in human development extending from birth to the beginning of formal schooling, around age 5 or 6.