Player 1 and Player 2 Are Playing a Game in Which

question 129

Multiple Choice

Player 1 and Player 2 are playing a game in which Player 1 has the first move at A in the decision tree shown below. Once Player 1 has chosen either Up or Down, Player 2, who can see what Player 1 has chosen, must choose Up or Down at B or C. Both players know the payoffs at the end of each branch. What is the equilibrium outcome of this game?

• A)Player 1 and Player 2 both choose Up.
• B)Player 1 and Player 2 both choose Down.
• C)Player 1 chooses Up and Player 2 chooses Down.
• D)Player 1 chooses Down and Player 2 chooses Up.

---

Definitions:

Exploration

The act of investigating or studying something unknown or unfamiliar to gain knowledge or understanding.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience, often triggered by thoughts or external events.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Cognitive Distortion

Faulty or biased ways of thinking that are believed to contribute to the maintenance of psychological disorders.