The Following Payoff Matrix Depicts the Possible Outcomes for Two

question 173

Multiple Choice

The following payoff matrix depicts the possible outcomes for two players involved in a game of Ping-Pong.At this point in the game,the ball has just been hit to Dagny Taggart,and she chooses whether to hit right or hit left.At the same time,John Galt chooses whether to defend right (Dagny's right) or defend left (Dagny's left) .If a player receives a payoff of 1,the player wins the point; if the player receives a payoff of -1,the player loses the point.Use this information to answer the following questions:

-Dagny's optimal strategy is to ________,and John's optimal strategy is to ________.

• A) hit right; defend right
• B) hit left; defend left
• C) hit left; defend left with probability 0.50 and defend right with probability 0.50.
• D) hit left with probability 0.50 and hit right with probability 0.50; hit left.
• E) hit left with probability 0.50 and hit right with probability 0.50; hit left with probability 0.50 and hit right with probability 0.50.

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Definitions:

False Entries

Incorrect or misleading information entered into a record or document, particularly with the intent to deceive.

Defalcation

Misappropriation of funds or embezzlement, typically by a person trusted with the management of those funds.

Ponzi Scheme

A deceptive investment scheme that offers high returns with minimal risk to investors, but instead of earning from genuine business operations, it pays profits to earlier investors using the funds from new participants.

Defalcation

The misappropriation of funds or property entrusted to one's care, often involving fraud or embezzlement.