Scenario: Consider the Following Non-Cooperative, Simultaneous-Move Game Where Each Player

question 77

Multiple Choice

Scenario: Consider the following non-cooperative, simultaneous-move game where each player knows her own and her opponent's payoffs. This game is called the dating dilemma. Hayley and Jack are a couple deciding what to do on a Saturday afternoon in the summer. Hayley wants to go to the Museum of Modern Art (MoMA) , while Jack wants to go to a New York Mets game. Neither Jack nor Hayley will derive any benefit from going to their preferred activity without their partner. The payoff matrix for this game is presented below.

-Refer to the scenario above.Are there any Nash equilibria?

• A) Yes, Hayley and Jack both choose to go to the Mets game
• B) Yes, Hayley chooses to go to the MoMA and Jack chooses to go to the Mets game
• C) Yes, Hayley and Jack both choose to go to the MoMA
• D) (A) and (

---

Definitions:

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) and used by companies outside of the United States.

LIFO

Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.

Link-Chain Method

A statistical method used for adjusting economic or financial time series data for the effects of inflation or other external factors to show real changes over time.