Figure 17-2

question 114

Multiple Choice

Figure 17-2.John and Michael are roommates.On a particular day,their apartment needs to be cleaned.Each person has to decide whether to take part in cleaning.At the end of the day,either the apartment will be completely clean (if one or both roommates take part in cleaning) ,or it will remain dirty (if neither roommate cleans) .With happiness measured on a scale of 1 (very unhappy) to 10 (very happy) ,the possible outcomes are as follows:
-Refer to Figure 17-2.The dominant strategy for John is to

• A) clean,and the dominant strategy for Michael is to clean.
• B) clean,and the dominant strategy for Michael is to refrain from cleaning.
• C) refrain from cleaning,and the dominant strategy for Michael is to clean.
• D) refrain from cleaning,and the dominant strategy for Michael is to refrain from cleaning.

Differentiate between an offer and an invitation to negotiate.

Understand the impact of the offeror’s incapacity or death on the offer.

Grasp the concept of mirror image rule in contract acceptance.

Realize how auctions and advertisements differ from formal offers.

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Definitions:

Operant Conditioning

A way of changing the force of a behavior using rewards or penalties as influencing factors.

Shaping

A method in behavioral psychology where reinforces guide an organism's behavior towards a desired goal through successive approximations.

Successive Approximations

A behavioral training process that rewards actions that progressively more closely resemble the desired behavior.

Generalization

The tendency to respond in the same way to different but similar stimuli.