Suppose Jordan and Lee Are Trying to Decide What to Do

question 112

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.This game:

• A) is a prisoner's dilemma.
• B) is not a prisoner's dilemma.
• C) is an ultimatum bargaining game.
• D) has no Nash equilibrium.

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Definitions:

Failure-Oriented

An approach or mindset focused on the potential for failure, often leading to risk-averse or cautious behavior.

Lack Of Ability

The absence or deficiency of the skills or competencies required to perform a task or job effectively.

Situational Cues

Environmental or contextual signals that guide individuals' behavior or decisions in specific circumstances.

Self-Report Questionnaires

Surveys or assessments in which individuals provide information about themselves, often used to gather data on attitudes, behaviors, or traits.