Alice and Betsy Are Playing a Game in Which Each

question 17

Multiple Choice

Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay.If both play the strategy leave, then each gets a payoff of $100.If both play the strategy stay, then each gets a payoff of $800.If one plays stay and the other plays leave, then the one who plays stay gets a payoff of $C and the one who plays leave gets a payoff of $D.When is the outcome where both play leave a Nash equilibrium?

• A)When D > C and C > $100.
• B)Never, since $800 > $100.
• C)When $100 > C and D > $800 but not when $800 > D
• D)Whenever D < $800.
• E)Whenever $100 > C.

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Definitions:

Stranger Test

A measure of generalization of learned behaviors to see if the behaviors occur in the presence of someone unfamiliar.

Operational Definition Test

A procedure that defines a concept or variable in terms of the specific operations or techniques used to measure or manipulate it.

So What Test

A method of evaluating the relevance or importance of information by questioning its impact or value.

Time Sampling

A data collection method in research where observations are made at specific intervals over a designated period.