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Two Players Are Engaged in a Game of Chicken

question 29

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Two players are engaged in a game of Chicken. There are two possible strategies, Swerve and Drive Straight. A player who chooses to Swerve is called Chicken and gets a payoff of zero, regardless of what the other player does. A player who chooses to Drive Straight gets a payoff of 432 if the other player swerves and a payoff of -48 if the other player also chooses to Drive Straight. This game has two pure strategy equilibria and

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Definitions:

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is primarily genetically coded.

Homeostasis

The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.

Steady State

A condition in which all aspects of a system are in equilibrium or unchanging over time, often used in physics and economics to describe stable systems.

William McDougall

An influential psychologist known for his work on social psychology, including the concept of the group mind and the role of instinct in human behavior.

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