In a Small Isolated Town,there Are Two Types of People,saints

question 22

Multiple Choice

In a small isolated town,there are two types of people,saints and crooks.In business dealings between any two residents of this town,the payoffs are below. What percentage of this town's residents would be saints in an evolutionary stable strategy?

• A) 100%
• B) 33.33%
• C) 83.33%
• D) 28.51%
• E) 0%

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Definitions:

Pension Plan

Pension Plan is a type of retirement plan where an employer contributes to a pool of funds set aside for employees' future benefit, distributed upon retirement.

Single Life Annuity Contract

An insurance policy that provides a fixed or variable payment to an annuitant at regular intervals for their lifetime.

Tax-free Amount

An amount or income received that is not subject to income tax by the taxpayer.

Qualified Pension Plan

A retirement plan that meets the requirements of the Internal Revenue Code, offering tax benefits to the entity that establishes the plan and its participants.