A Small Community Has 10 People, Each of Whom Has

question 3

Multiple Choice

A small community has 10 people, each of whom has a wealth of $19,000.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 a dominant strategy equilibrium in which all 10 citizens contribute $200 to support public entertainment.
• B)This game has two Nash equilibria, one in which everybody contributes $200 and one in which nobody contributes $200.
• 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:

Analgesia

The inability to feel pain, often achieved through the use of medications.

Anesthesia

A medical technique that involves the use of drugs to block sensation, typically resulting in a loss of feeling or consciousness.

Central Nervous System

The part of the nervous system comprising the brain and spinal cord, controlling most functions of the body and mind.

Peripheral

Relating to or situated on the edge or periphery of something, often referring to the outermost areas of the body's nervous system.