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Author Question: Difficulty of Determining "Fairness"You are playing a game with another person in which you build up ... (Read 260 times)

Mscarter

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on: Nov 23, 2022
Difficulty of Determining "Fairness"

You are playing a game with another person in which you build up a fund of $44,500. To decide how to divide the funds between you, you and the other person get to make a choice.
• If you both choose friend, you divide the fund equally between you.
• If one person chooses friend and the other person chooses foe, the person who chose foe gets the entire fund. The person who chose friend gets nothing.
• If you both choose foe, you both get nothing.
What is your best strategy? Suppose an additional penalty of $11,125 is imposed on whoever chooses foe. What is the best strategy?
◦ Choose foe, choose foe
◦ Choose friend, there is none
◦ Choose friend, choose friend
◦ Choose foe, there is none
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Mscarter on Nov 23, 2022

khudija

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mscarter

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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