Suppose Jordan and Lee Are Trying to Decide What to Do

question 33

Multiple Choice

Suppose Jordan and Lee are trying to decide what to do on a Friday.Jordan would prefer to see a comedy while Lee would prefer to see a documentary.One documentary and one comedy are showing at the local cinema.The benefit they receive from seeing the films either together or separately are shown in the payoff matrix.Both Jordan and Lee know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice. $\begin{array}{c}\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Jordan } \\\text {Lee } \begin{array}{|l|l|l|}\hline &{\text { Comedy }} & {\text { Documentary }} \\\hline \text { Comedy } & \text { Lee: } 3 & \text { Lee: } 1 \\\text { Jordan: } 5 & \text { Jordan: } 1 \\\hline \text { Documentary } & \text { Lee } 2 & \text { Lee: } 5 \\& \text { Jordan: } 2 & \text { Jordan } 3 \\\hline\end{array}\end{array}$
Refer to the figure above.Suppose a timing element is added to the game,and that Jordan buys a ticket first.While Lee did not see which ticket Jordan bought,Lee does know the values in the payoff matrix and that Jordan has purchased first.Assuming that Jordan and Lee are both self-interested,Lee can infer:

• A)that Jordan bought a ticket for the documentary.
• B)that Jordan did not exploit the first-mover advantage.
• C)that Jordan bought a ticket for the comedy.
• D)that Jordan's threat to buy a ticket for the comedy is not credible.

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Definitions:

Job Context

The environmental and situational factors surrounding a job, including physical conditions, work tasks, and the social and organizational setting, which affect an employee's performance and satisfaction.

Job Content

The specific duties, tasks, and responsibilities that make up an individual's job role.

Acquired Needs Theory

A psychological theory that suggests human needs can be acquired or learned through life experiences.

Need For Power

A psychological drive that expresses itself in the desire to control or influence others.