Big Pig and Little Pig Have Two Possible Strategies, Press

question 9

Multiple Choice

Big Pig and Little Pig have two possible strategies, Press the Button, and Wait at the Trough.If both pigs choose Wait at the Trough, both get 3.If both pigs choose Press the Button, then Big Pig gets 8 and Little Pig gets 2.If Little Pig presses the button and Big Pig waits at the trough, then Big Pig gets 10 and Little Pig gets 0.Finally, if Big Pig presses the button and Little Pig waits at the trough, then Big Pig gets 2 and Little Pig gets 1.In Nash equilibrium,

• A)Little Pig will get a payoff of 1 and Big Pig will get a payoff of 2.
• B)Little Pig will get a payoff of 2 and Big Pig will get a payoff of 8.
• C)both pigs will wait at the trough.
• D)Little pig will get a payoff of zero.
• E)the pigs must be using mixed strategies.

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Definitions:

Laser Surgery

A type of surgery that uses a laser (a focused beam of light) to cut, remove, or treat tissues, often used for precision and to minimize damage.

Maturation Phase

The third phase of wound healing, in which scar tissue forms.

Continuous Layer

A uniform or uninterrupted layer or coating that covers or encloses a surface or structure.

Nonsurgical Wound

A type of injury to the skin that does not require surgical intervention for treatment and can heal through other medical means.