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Consider the following game in which Sally can play T or B and John chooses between L or R.
Each player makes their choice simultaneously. If Sally chooses T and John chooses L, Sally
gets a payoff of 5 and John has a payoff of 4. If Sally plays T and John R, Sallys payoff is 8 and
John gets 3. If Sally Chooses B and John L, the payoffs are 3 to Sally and 2 to John. Finally, if
Sally chooses B and John R, the payoffs are 7 to Sally and 0 to John. Which statement is true?
Group of answer choices
a) The Nash equilibrium is (B,R); this is a prisoners dilemma
b) The Nash equilibrium is (T,R); this is a prisoners dilemma
c) The Nash equilibrium is (T,R); this is not dominant strategy equilibrium
d) The Nash equilibrium is (T,L); this is a dominant strategy equilibrium
e) None of the above

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Consider the following game in which Sally can play T or B and John .pdf

  • 1. Consider the following game in which Sally can play T or B and John chooses between L or R. Each player makes their choice simultaneously. If Sally chooses T and John chooses L, Sally gets a payoff of 5 and John has a payoff of 4. If Sally plays T and John R, Sallys payoff is 8 and John gets 3. If Sally Chooses B and John L, the payoffs are 3 to Sally and 2 to John. Finally, if Sally chooses B and John R, the payoffs are 7 to Sally and 0 to John. Which statement is true? Group of answer choices a) The Nash equilibrium is (B,R); this is a prisoners dilemma b) The Nash equilibrium is (T,R); this is a prisoners dilemma c) The Nash equilibrium is (T,R); this is not dominant strategy equilibrium d) The Nash equilibrium is (T,L); this is a dominant strategy equilibrium e) None of the above