Suppose That in the Hawk-Dove Game , the Payoff to Each

question 17

Multiple Choice

Suppose that in the Hawk-Dove game , the payoff to each player is -9 if both play Hawk.If both play Dove, the payoff to each player is 5, and if one plays Hawk and the other plays Dove, the one that plays Hawk gets a payoff of 9 and the one that plays Dove gets 0.In equilibrium, we would expect hawks and doves to do equally well.This happens when the proportion of the total population that plays Hawk is

• A).31.
• B).15.
• C).08.
• D).65.
• E)1.

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Definitions:

Boole's Inequality

A mathematical theorem that describes the upper bound on the probability of the union of several events, emphasizing the limitations of additive probabilities.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.

Overconfidence Bias

A cognitive bias which leads an individual to overestimate their knowledge, abilities, or control over situations.

Selection Bias

A type of bias caused by choosing non-random data for statistical analysis, which can cause the results to not be representative of the whole population.