1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ohaa [14]
3 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]3 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.

You might be interested in
suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi
rusak2 [61]

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

6 0
3 years ago
Afghntyjnytnjtyjnmtymtumtumumyumyumjm
EastWind [94]

Answer:

Afghntyjnytnjtyjnmtymtumtumumyumyumjm

Explanation:

4 0
3 years ago
Horizontal channel conflict can arise for a variety of reasons. An example would be a toy manufacturer selling its toys through
svet-max [94.6K]

Answer:

a. Undifferentiated products and variable prices in the various channels.

Explanation:

Horizontal Channel Conflicts arises when there is disagreement between two or more members of the channel. If the toy manufacturer sells toys to toy store and department stores, a possible reason for disagreement could be on variable price among the two channels.

8 0
3 years ago
Read 2 more answers
Question 2 of 10
Debora [2.8K]
B is going to be your answer
8 0
3 years ago
Leslie has developed a new kind of running shoe, and now she is trying to decide where to sell it. Which of the 4Ps of marketing
Crank
A. Price : hope) ich
6 0
3 years ago
Read 2 more answers
Other questions:
  • Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
    6·1 answer
  • PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below fo
    11·1 answer
  • Percy is a rich boy whose parents supply him with every conceivable necessity of life. While still a minor, Percy buys a coat on
    5·2 answers
  • A team of construction workers have joined together to form a union. The team likes and respects their manager Thomas and would
    8·1 answer
  • On August 5, 2021, Sandhill Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining se
    6·1 answer
  • It may be considered unethical to work part time (weekdays, ~20h/week) at night while working full time for an employer because:
    12·1 answer
  • JBC Customs only hires people who are curious and eager to learn as its managers believe that those are the two traits every emp
    6·1 answer
  • A macroeconomist - as opposed to a microeconomist - would study a. the effects of raising the gasoline tax on transit ridership.
    9·1 answer
  • Can someone please help me do a document i beg anyone ​
    11·1 answer
  • A ___________ enables you to view data from a table based on a specific criteria
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!