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Author Question: Refer to Scenario 12.2. Explain why the situation described in the scenario is neither a prisoner's ... (Read 115 times)

yoroshambo

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on: Jun 29, 2018
Refer to Scenario 12.2. Explain why the situation described in the scenario is neither a prisoner's dilemma nor a battle of the sexes.
 
  What will be an ideal response?

Question 2

Legal constraints will always reduce the size of the economic pie.
 
  Indicate whether the statement is true or false


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amanda_14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The game is not a prisoner's dilemma because one player's best choice depends on the choice made by the other player. For example, if Jerome donates, then Eliza should not donate, but if Jerome does not donate, then Eliza should donate. Therefore neither player has a dominant strategy, so this cannot be a prisoner's dilemma. This is not a battle of the sexes because if both Jerome and Eliza play their tough strategies and do not donate, the outcome is disastrous and Shari dies. This makes the scenario a game of chicken.

Answer to Question 2

FALSE


yoroshambo

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Reply 2 on: Jun 29, 2018
Excellent

shailee

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

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