The Following Figure Depicts Four Simultaneous-Move Games

question 157

Multiple Choice

The following figure depicts four simultaneous-move games. The first element of each payoff cell is the payoff to Player A. The other element is the payoff to Player B.

-Refer to the figure above.In which one of these simultaneous-play games are there two Nash equilibria?

• A) (1)
• B) (2)
• C) (3)
• D) (4)

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Definitions:

Conform

To align one's behaviors, beliefs, or standards to those of a group or societal norms, often to fit in or be accepted.

Informal Group

A group that tends to form around common interests, habits, and personality traits.

Resolves

Determines an answer or solution to a problem.

Group Forms

Describes the various structures and shapes that a group of individuals can organize themselves into, for different purposes and functions.