​Use the Following Case from Question

question 15

Multiple Choice

​Use the following case from question
Two street racers are playing a simultaneous game of chicken.They have to race towards each other and whoever swerves first is chicken and faces shame,a loss of 8,while the winner enjoys a gain of 3.If neither stop,they would crash into each other,a loss of 10.If both of them swerve at the same time,they are both chicken and face a loss of 5 each
-​What would the Nash equilibrium be in this game?

• A)​Neither of the players would stop
• B)Both of the players would stop
• C)Player A stops
• D)​Player B stops

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Definitions:

Actual Situation

The real and current state or condition of something, as opposed to what was planned or expected.

Desired Situation

The ideal or preferred state or outcome that an individual or organization aims to achieve.

Environment of Risk

The context or situation that is characterized by uncertainty and potential for loss or harm in decision-making and actions.

Complete Information

A condition in decision-making where all relevant data and potential outcomes are known and accessible.