Will and Grace Have Adjoining Unfenced Back Yards and Each

question 137

Multiple Choice

Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy.Will values a fence between their yards at $250 and Grace values a fence between their yards at $200.The value of the effort required to build the fence is $300,which will be split equally if they both help build the fence.If one of the neighbors begins building the fence the other might or might not come over to help.Therefore,their payoff matrix is $\begin{array}{c}\quad\quad\quad\quad\quad\quad\text { Will }\\\text { Grace }\begin{array}{|c|c|c|}\hline& \text { Build } & \text { Not Build } \\\hline \text { Build } &\text { Grace: } \$ 50 ; \text { Will: } \$ 100 & \text { Grace: }-\$ 100 ; \text { Will: } \$ 250 \\\hline \text { Not Build } & \text { Grace: } \$ 200 ; \text { Will: }-\$ 50 & \text { Grace: 0; Will: } 0 \\\hline\end{array}\end{array}$
In the Nash Equilibrium,

• A) Will will start to build the fence and then Grace will come over to help.
• B) Will will build the fence by himself.
• C) A fence will be built,but it is uncertain who will build it.
• D) no fence will be built.

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Definitions:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Mental Health

According to Freud’s definition, the ability to both love and work.

Mischel

Walter Mischel, a psychologist known for his work on personality theory and cognitive-affective system theory of personality.

Personality Coefficients

A quantifiable measure used to indicate the strength of the relationship between personality traits and certain behaviors or outcomes.