In the Game Matrix Below, the First Payoff in Each

question 14

Multiple Choice

In the game matrix below, the first payoff in each pair goes to player A who chooses the row, and the second payoff goes to player B, who chooses the column. Let a, b, c, and d be positive constants. Player B
If player A chooses Bottom and player B chooses Right in a Nash equilibrium, then we know that

• A) b > 1 and d < 1.
• B) c < 1 and b < 1.
• C) b < 1 and c <
• D) d. S < T and T > 100.
• E) S and T are any positive numbers.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values.

Fundamental Attribution Error

A cognitive bias that causes people to overemphasize personal characteristics and ignore situational factors in judging others' behavior.

Situational Attribution

The process of attributing a person's behavior to external or situational factors.

Dispositional Attribution

A psychological concept suggesting that individuals attribute behavior to innate qualities of the person performing the action.