Two Players Are Engaged in a Game of "Chicken

question 23

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 15.43 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)two mixed strategies in which players alternate between swerving and driving straight.
• B)a mixed strategy in which each player swerves with probability 0.35 and drives straight with probability 0.65.
• C)a mixed strategy equilibrium in which one player swerves with probability 0.70 and the other swerves with probability 0.30.
• D)a mixed strategy equilibrium in which each player swerves with probability 0.70 and drives straight with probability 0.30.
• E)no mixed strategies.

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Definitions:

Multi-task

The ability to handle more than one task simultaneously, often requiring quick switching between tasks.

Careless and Irresponsible

Exhibiting a lack of concern or attention to duties and obligations, often resulting in harm or risk.

Conscientiousness

A personality trait characterized by diligence, carefulness, and the desire to do a task well, often associated with high levels of responsibility.

Big Five Personality Traits

are five broad dimensions of personality used to describe human character traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.