Big Pig and Little Pig Have Two Possible Strategies, Press

question 12

Multiple Choice

Big Pig and Little Pig have two possible strategies, Press the Button, and Wait at the Trough.If both pigs choose Wait, both get 1.If both pigs Press the Button, then Big Pig gets 9 and Little Pig gets 1.If Little Pig Presses the Button and Big Pig Waits at the Trough, then Big Pig gets 10 and Little Pig gets 0.Finally, if Big Pig Presses the Button and Little Pig Waits, then Big Pig gets 5 and Little Pig gets 1.In Nash equilibrium,

• A)Little Pig will get a payoff of zero.
• B)both pigs will wait at the trough.
• C)Little Pig will get a payoff of 1 and Big Pig will get a payoff of 9.
• D)Little Pig will get a payoff of 1 and Big Pig will get a payoff of 5.
• E)the pigs must be using mixed strategies.

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Definitions:

Excessive Fear

An irrationally intense and overwhelming emotion of fear, beyond what is considered normal or proportionate to the situation.

Settling Point

A theory suggesting that body weight is regulated around a genetically predetermined 'set point', but environmental factors can change this point over time.

Plasticity

The capacity of the brain to change and adapt in response to experience, environment, or injury.

Sweet Tastes

The sensory experience perceived by taste receptors on the tongue in response to the presence of sugar or other sweet substances.