Two Players Are Engaged in a Game of "Chicken

question 14

Multiple Choice

Two players are engaged in a game of "chicken." There are two possible strategies, Swerve and Drive Straight.A player who chooses to Swerve is called "chicken" and gets a payoff of zero, regardless of what the other player does.A player who chooses to Drive Straight gets a payoff of 4 if the other player Swerves and a payoff of -36 if the other player also chooses to Drive Straight.This game has two pure strategy equilibria and

• A)a mixed strategy equilibrium in which one player swerves with probability 0.90 and the other swerves with probability 0.10.
• B)a mixed strategy in which each player swerves with probability 0.45 and drives straight with probability 0.55.
• C)a mixed strategy equilibrium in which each player swerves with probability 0.90 and drives straight with probability 0.10.
• D)two mixed strategies in which players alternate between swerving and driving straight.
• E)no mixed strategies.

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Definitions:

Surface Tension

The elastic tendency of liquid surfaces to acquire the least surface area possible, responsible for phenomena like droplets forming and the ability of some objects to float on water.

Polar

Relating to the poles of a planet, or exhibiting opposite characteristics at different ends of an axis.

Polar

Relating to the North and South Poles of Earth or the regions surrounding them, characterized by extremely cold temperatures.

Magnetic Properties

Characteristics of materials that determine their response to an applied magnetic field, including magnetization and magnetic susceptibility.