Suppose Jordan and Lee Are Trying to Decide What to Do

question 78

Multiple Choice

Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice.    
This game:

• A)is a prisoner's dilemma.
• B)is not a prisoner's dilemma.
• C)is an ultimatum bargaining game.
• D)has no Nash equilibrium.

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Extrinsic Benefits

Rewards or advantages that come from external sources, often used as motivation or incentive.

Intrinsic Benefits

Advantages or positive effects that are inherent or naturally occurring within an activity, object, or concept.

High-Level Esteem

A state of being highly respected or valued; being held in great regard.