Big Pig and Little Pig Have Two Possible Strategies, Press

question 32

Multiple Choice

Big Pig and Little Pig have two possible strategies, Press the Button, and Wait at the Trough.If both pigs choose Wait at the Trough, both get 2.If both pigs choose Press the Button, then both pigs get 5.If Little Pig presses the button and Big Pig waits at the trough, then Big Pig gets 10 and Little Pig gets 0.Finally, if Big Pig presses the button and Little Pig waits at the trough, then Big Pig gets 3 and Little Pig gets 2.In Nash equilibrium,

• A)both pigs will wait at the trough.
• B)Little Pig will get a payoff of 2 and Big Pig will get a payoff of 3.
• C)Little pig will get a payoff of zero.
• D)Little Pig will get a payoff of 5 and Big Pig will get a payoff of 5.
• E)the pigs must be using mixed strategies.

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Definitions:

Talkativeness

The tendency to engage in frequent or excessive talking, often reflecting an individual's personality trait or a specific social context encouraging verbal communication.

Self-report

A method of gathering data where individuals provide information about themselves, often used in surveys and questionnaires.

Personality-relevant

Pertain to aspects or factors that are important or significant to the understanding or analysis of an individual’s character traits.

Trait Terms

Descriptors used to identify consistent patterns in an individual's behavior, thought, and emotions.