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ohaa [14]
2 years ago
11

Consider a game with two players who cannot​ communicate, and in which each player is asked a question. The players can either a

nswer honestly or lie. If both answer​ honestly, each receives​ $100. If one answers honestly and the other​ lies, the liar receives​ $500 and the honest player gets nothing. If both​ lie, then each receives​ $50. Describe the strategies and the payoffs. What is the equilibrium of this​ game? Compare this game to the​ prisoners' dilemma. Are the games similar or​ different? Explain. The strategies are​ _______.
Business
1 answer:
AveGali [126]2 years ago
6 0

Answer:

Each player can adopt a T for T strategy or a trigg er strategy. It is important to state that these strategies were not possible in a one-time game.

The equilibrium is that both players answer honest and each makes normal profit.

Both games, the P risoners' dilemma and this game, have a cooperative equilibrium in the long term. If a player employs a trig ger strategy or a T for T strategy, they can reach the cooperative honesty/honesty outcome.

In a short term, game equilibrium is not likely due to lying is more profitable than answer honestly deploying stated strategies.

Reference: NomCab HSEONE.  “PS8- solution.” Academia , 2019.

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Answer:

Explanation:

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3 years ago
Read 2 more answers
Suppose the market for money, drawn with the value of money on the vertical axis and the quantity of money on the horizontal axi
ycow [4]

If the money supply increases, then at the old value of money there is an excess supply of money that will result in an increase in spending. The entire amount of money in circulation in an economy at any given time is referred to as the money market.

<h3>What is money market?</h3>

The money market is defined as dealing in debt with a maturity of less than one year. Investors use it to make a modest profit.

While governments and corporations use it to keep their cash flow constant. Long-term debt and equity instruments are sold and bought on the capital market.

Thus, excess supply of money that will result in an increase in spending.

For more details about money market, click here

brainly.com/question/22935024

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1 year ago
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Hence , from the given information of the question ,

The correct term is organic organisation .

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Answer:

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