Table 17-19

question 58

Multiple Choice

Table 17-19.The Chicken Game is named for a contest in which drivers test their courage by driving straight at each other.John and Paul have a common interest to avoid crashing into each other,but they also have a personal,competing interest to not turn first to demonstrate their courage to those observing the contest.The payoff table for this situation is provided below.The payoffs are shown as (John,Paul) .

-Refer to Table 17-19.What is (are) the Nash equilibrium (equilibria) in this Chicken game?

• A) John: Turn Paul: Turn
• B) John: Turn Paul: Drive Straight
• C) John: Drive Straight Paul: Turn
• D) Both b and c are Nash equilibria

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Definitions:

Connectivity

The capability of computers, devices, and systems to connect and communicate with each other over a network, particularly the internet.

Ubiquity

The state of being present, appearing, or found everywhere, especially simultaneously.

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A digital wallet that stores payment card information on a mobile device, enabling users to make in-store or online transactions conveniently.

Gas Station

A retail establishment that sells fuel and engine lubricants for motor vehicles.