Big Pig and Little Pig Have Two Possible Strategies, Press

question 2

Multiple Choice

Big Pig and Little Pig have two possible strategies, Press the Button, and Wait at the Trough.If both pigs choose Wait, both get 3.If both pigs Press the Button, then Big Pig gets 9 and Little Pig gets 1.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, then Big Pig gets 4 and Little Pig gets 1.In Nash equilibrium,

• A)Little Pig will get a payoff of 1 and Big Pig will get a payoff of 4.
• B)Little Pig will get a payoff of 1 and Big Pig will get a payoff of 9.
• C)both pigs will wait at the trough.
• D)Little Pig will get a payoff of zero.
• E)the pigs must be using mixed strategies.

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Definitions:

Right To Understand

The principle that individuals should have access to clear and understandable information about matters that affect their rights and interests.

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The execution or accomplishment of a specific work-related or cognitive activity.

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Methods or strategies implemented to prevent, manage, or reduce the severity of bodily harm.

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A set of three tendencies that involve an individual's optimistic view of oneself, including overestimating one's positive qualities and achievements.