-The Table Above Shows the Payoff Matrix Offered to Two

question 134

Multiple Choice

-The table above shows the payoff matrix offered to two suspected criminals,Bonnie and Clyde.The payoffs are the years they will spend in prison.The suspected criminals are not allowed to communicate.Given the information in the payoff matrix,the Nash equilibrium is

• A) Bonnie confesses only if she thinks Clyde denies committing the crime.
• B) Clyde confesses only if he thinks Bonnie denies committing the crime.
• C) both Bonnie and Clyde confess to the crime.
• D) both Bonnie and Clyde deny committing the crime.
• E) Clyde confesses and Bonnie might either confess or not confess, either outcome is consistent with the Nash equilibrium.

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Definitions:

Markov Model

A statistical model that predicts future states based on current data and historical transitions, commonly used in various fields including HR for forecasting workforce changes.

HR Planning Method

Approaches and strategies used by human resource departments to forecast future personnel needs and ensure a balance between demand and supply of skilled workers.

Skills Inventories

A comprehensive list or database that tracks the skills, qualifications, and experiences of employees within an organization.

Capabilities

The skills, resources, and abilities that an organization possesses to successfully perform tasks and achieve its objectives.