The Following Payoff Matrix Depicts the Possible Outcomes for Two

question 148

Multiple Choice

The following payoff matrix depicts the possible outcomes for two players involved in a game of Rock,Paper,Scissors.If a player receives a payoff of 1,the player wins; if the player receives a payoff of -1,the player loses; if both players receive 0 (zero) ,the players tie.Edward's optimal strategy is to

• A) always choose rock because Meg's dominant strategy is to choose paper.
• B) choose rock with probability 0.75 and paper with probability 0.25 because Meg will choose paper with probability 0.50 and rock with probability 0.50.
• C) always choose paper because Meg's dominant strategy is to choose rock.
• D) choose rock with probability 0.33,paper with probability 0.33,and scissors with probability 0.33 because Meg's dominant strategy is to choose paper.
• E) choose rock with probability 0.33,paper with probability 0.33,and scissors with probability 0.33 because neither he nor Meg has a dominant strategy.

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Definitions:

Rice Plantations

Large agricultural estates specifically devoted to the cultivation of rice, historically significant in the southern United States during the colonial and antebellum periods.

Irish Immigrants

Individuals from Ireland who moved to another country, especially to the United States during the 19th and early 20th centuries, often escaping famine and seeking better economic opportunities.

Religious Tolerance

Acceptance and allowance of different religious beliefs and practices, advocating for a peaceful coexistence among diverse religious communities.

British Merchants

Commercial traders from Britain, historically significant for their role in international trade and colonial expansion.