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
Gennadij [26K]
3 years ago
10

After teaching a class on game theory, your instructor announces that if every student skips the last question on the next exam,

everyone will receive full credit for that question. However, if one or more students answer the last question, all responses will be graded and anyone who skips the last question on the next exam will get a zero.
Assume that there is no chance for you and your classmates to discuss the situation before taking the exam. Will the entire class skip the last question? Choose one:

A. No, because the dominant strategy of the best-prepared students is to answer the last question.
B. No, because there is always at least one selfish person in the class who will answer the last question.
C. Yes, because everyone assumes that all other classmates will skip the question.
D. Yes, because this strategy offers the best result for everyone.
Business
1 answer:
Flura [38]3 years ago
7 0

Answer:

The correct answer is letter "A": No, because the dominant strategy of the best-prepared students is to answer the last question.

Explanation:

In game theory, the dominant strategy reflects the best return for a player regardless of what the rest of the players choose to do. This approach opposes the <em>Nash Equilibrium Solution</em>. Named after American mathematician John Forbes Nash (1928-2015), the Nash equilibrium proposes all players should keep the same position to obtain the best return possible as long as none of them takes a different action.

In the scenario exposed,<em> according to the dominant strategy students will analyze their return independently, thus, more prepared students are likely to answer the last question since they have better chances their answers will be correct.</em>

You might be interested in
Hudson Co. reports the contribution margin income statement for 2015. Assume sales remain constant at 10.000 units.HUDSON CO. Co
gizmo_the_mogwai [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $244

Unitary variable cost= 195 - 8= $187

Fixed costs= 327,600 + 37,000= $364,600

<u>We need to determine the new pre-tax income:</u>

Sales= 244*10,000= 2,440,000

Total variable cost= 187*10,000= (1,870,000)

Total contribution margin= 570,000

Fixed costs= (364,600)

Pre-tax income= 205,400

5 0
2 years ago
The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ
UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0
3 years ago
Ratification occurs when the principal accepts responsibility for the agent's acts. For ratification to be valid, the agent must
Zinaida [17]

Answer:

The answers are : unauthorized, identified, facts, affirm, authorization, withdraws, observe.

Explanation:

Ratification occurs when the principal accepts responsibility for the agent's unauthorized acts. For ratification to be valid, the agent must have acted on behalf of an identified principal, that principal must know all of the material facts , must affirm the agent's act in its entirety, and must have the legal authorization to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party withdraws from the transaction, and the principal must observe the same formalities when ratifying the act as would have been required to authorize it initially.

5 0
3 years ago
Pick the correct statements regarding cell references.
seropon [69]

where are the statements?

6 0
2 years ago
Read 2 more answers
A friend offers you a ticket to a Chicago Cubs baseball game for $40. You know you can sell the ticket to another friend for $50
olganol [36]

Answer:

$50

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If I decide to go to the game, I forgot the opportunity of selling the ticket for $50 which is the next best use of the ticket.

I hope my answer helps you

6 0
2 years ago
Other questions:
  • How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory bal
    5·1 answer
  • The _____ model is the basis for the classic purchase funnel metaphor that is often used to depict the decision process consumer
    8·2 answers
  • A customer redeems 1,000 shares of ABC Fund on Wednesday, June 14th. Under the provisions of the Investment Company Act of 1940,
    12·1 answer
  • A firm’s stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $60 ove
    10·1 answer
  • Material evidence for trade between settlers along the baltic and southern europeans, during the ice age thawing period,
    6·1 answer
  • Jesse is the marketing manager for a large Midwest-based producer of food products. He is in the process of developing the_____,
    9·1 answer
  • A consumer has ​$200 per month to be spent on books​ (good B) and DVDs​ (good D). Market prices are as​ follows: PB​ = ​$20 and
    10·1 answer
  • Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn
    7·2 answers
  • Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income
    15·1 answer
  • Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!