Suppose That in a Hawk-Dove Game Similar to the One

question 33

Multiple Choice

Suppose that in a Hawk-Dove game similar to the one discussed in your workbook, the payoff to each player is -6 if both play Hawk. If both play Dove, the payoff to each player is 3, and if one plays Hawk and the other plays Dove, the one that plays Hawk gets a payoff of 8 and the one that plays Dove gets 0. In equilibrium, we would expect hawks and doves to do equally well. This happens when the proportion of the total population that plays Hawk is

• A) .45.
• B) .23.
• C) .11.
• D) .73.
• E) 1.

---

Definitions:

Lack-of-participation Error

A mistake or oversight that occurs when not all relevant parties are involved in a decision-making process, leading to potential biases or incomplete information.

Escalation Error

Escalation Error refers to the phenomenon where individuals or groups continue to invest in a decision despite new evidence suggesting it may be wrong, often due to sunk costs or ego.

Decision-making Process

A series of steps undertaken by individuals or organizations to select the best course of action among several alternatives.

Evaluate Results

The process of analyzing outcomes to determine the effectiveness of actions taken and to inform future decisions.