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:

Job Breadth

The range and variety of tasks, duties, and responsibilities that a job encompasses.

Job Sharing

Job sharing is where one full-time job is split between two or more persons who divide the work according to agreed-upon hours.

Job Rotation

Job rotation increases task variety by periodically shifting workers among jobs involving different tasks.

Task Variety

The degree to which a job involves different activities requiring various skills and talents.