(See Problem 3

question 18

Multiple Choice

(See Problem 3.) 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 15.43 if the other player Swerves and a payoff of -36 if the other player also chooses to Drive Straight. This game has two pure strategy equilibria and

• A) two mixed strategies in which players alternate between swerving and driving straight.
• B) a mixed strategy in which each player swerves with probability 0.35 and drives straight with probability 0.65.
• C) a mixed strategy equilibrium in which one player swerves with probability 0.70 and the other swerves with probability 0.30.
• D) a mixed strategy equilibrium in which each player swerves with probability 0.70 and drives straight with probability 0.30.
• E) no mixed strategies.

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Definitions:

Series Circuit

A circuit in which the components or contact symbols are connected end to end, and all must be closed to permit current flow.

Series-Parallel Circuit

A circuit configuration that combines elements in both series and parallel to achieve desired electrical characteristics.

NOR Function

A logical operation that produces a true output only when all its inputs are false.

NAND Function

A binary operation that produces a false output only when all its inputs are true; it's often described as "NOT AND."