Big Pig and Little Pig Have Two Possible Strategies, Press

question 32

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 2.If both pigs choose Press the Button, then both pigs get 5.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 3 and Little Pig gets 2.In Nash equilibrium,

• A)both pigs will wait at the trough.
• B)Little Pig will get a payoff of 2 and Big Pig will get a payoff of 3.
• C)Little pig will get a payoff of zero.
• D)Little Pig will get a payoff of 5 and Big Pig will get a payoff of 5.
• E)the pigs must be using mixed strategies.

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Definitions:

Metric System

A decimal system of weights and measures based on the meter, liter, and gram as units of length, capacity, and weight or mass, respectively.

Centimeter

A unit of length in the metric system, equal to one hundredth of a meter, commonly used for measuring small distances.

Millimeter

A metric unit of length equal to one thousandth of a meter.

Line Of Best Fit

The line of best fit, in statistics, is a straight line drawn through the center of a group of data points on a scatter plot, used to describe the relationship between variables and predict future data points.