Suppose Jordan and Lee Are Trying to Decide What to Do

question 107

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. $\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Jordan }\\\text {Lee}\begin{array}{|l|l|l|}\hline & {\text { Comedy }} & {\text { Documentary }} \\\hline \text { Comedy } & \begin{array}{l}\text { Lee: } 3 \\\text { Jordan: } 5\end{array} & \begin{array}{l}\text { Lee: } 1 \\\text { Jordan } 1\end{array} \\\hline \text { Documentory } & \text { Lee } 2 & \text { Lee: } 5 \\& \text { Jordan: } 2 & \text { Jordan 3 } \\\hline\end{array}\end{array}$
Refer to the figure above.Jordan has:

• A) no dominant strategy.
• B) a dominant strategy of seeing a comedy.
• C) a dominant strategy of seeing a documentary.
• D) two dominant strategies,depending on Lee's choice.

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Definitions:

Walk Away

The act of leaving or disengaging from a situation or negotiation, especially when an agreement or resolution cannot be achieved.

Communicate

The process of conveying information or expressing thoughts and ideas in a way that is understandable to others.

Questioning

The act of asking for information or clarification to understand something more deeply.

Perceptions

The process of organizing, identifying, and interpreting sensory information in order to represent and understand the environment or situation.