A Small Community Has 10 People, Each of Whom Has

question 6

Multiple Choice

A small community has 10 people, each of whom has a wealth of $17,000.Each individual must choose whether to contribute $200 or $0 to the support of public entertainment for their community.The money value of the benefit that a person gets from this public entertainment is .80 times the total amount of money contributed by individuals in the community.

• A)This game has two Nash equilibria, one in which everybody contributes $200 and one in which nobody contributes $200.
• B)This game has a dominant strategy equilibrium in which all 10 citizens contribute $200 to support public entertainment.
• C)This game has a Nash equilibrium in which 5 people contribute $200 and for public entertainment and 5 people contribute nothing.
• D)This game has no Nash equilibrium in pure strategies, but has a Nash equilibrium in mixed strategies.
• E)This game has a dominant strategy equilibrium in which nobody contributes anything for public entertainment.

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Definitions:

Psychoanalysts

Professionals trained in psychoanalysis who study how unconscious motives and conflicts shape feelings, thoughts, and behaviors.

Processing Capacity

Refers to the amount of information an individual can process and maintain in their working memory at one time, influencing learning and cognitive tasks.

Libido

In psychoanalytic theory, the drive toward the creation, nurturing, and enhancement of life (including but not limited to sex), or the energy stemming from this drive; also called psychic energy.

Mental Energy

A concept referring to the power of the mind to think, reason, and engage in purposeful action, often seen as a finite resource that can be depleted.