Big Pig and Little Pig Have Two Possible Strategies, Press

question 18

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 4.If both pigs Press the Button, then Big Pig gets 7 and Little Pig gets 3.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 2 and Little Pig gets 5.In Nash equilibrium,

• A)both pigs will wait at the trough.
• B)Little Pig will get a payoff of zero.
• C)Little Pig will get a payoff of 3 and Big Pig will get a payoff of 7.
• D)Little Pig will get a payoff of 5 and Big Pig will get a payoff of 2.
• E)the pigs must be using mixed strategies.

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Definitions:

Social Learning Theory

A theory that suggests people learn from their environment, through observation, imitation, and modeling of others' behaviors.

Reinforcement

In psychology, a process in which a behavior is strengthened or increased by a consequence that follows it.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior or characteristics.

Modeling

The process of learning behavior by observing and imitating others.