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Consider the following simultaneous game between Kenny and Lucille: This question is worth 6 points and there are 3 correct answers. You should select ALL
Consider the following simultaneous game between Kenny and Lucille: This question is worth 6 points and there are 3 correct answers. You should select ALL 3 answers if you know them but you can select only 1 or 2 answers if you are not sure of ALL of the correct answers. You receive 2 points for each correct answer but lose 2 points for an incorrect answer. You should choose ALL 3 of the correct answers if you know them but it is probably not a good idea to guess at an answer unless you are pretty sure. For example, if you select 2 correct answers and 1 incorrect answer you would receive 42=2 points for the question. You cannot receive less than 0 points on the question; for example if you select 1 correct answer and 2 incorrect answers you would receive 24=0 points for the question. A little game theory for the game theory questions. Choose ALL of the correct answers. 2 points for a correct answer, -2 points for an incorrect answer. The pure strategy Nash equilibrium solution to this game is A,C The pure strategy Nash equilibrium solution to this game is A,D The pure strategy Nash equilibrium solution to this game is B, C The pure strategy Nash equilibrium solution to this game is B,D Who has an incentive to make a strategic move in this game? Kenny Who has an incentive to make a strategic move in this game? Lucille Who has an incentive to make a strategic move in this game? Both Kenny and Lucille Which of the following strategic moves has the best chance of working for Lucille? Kenny, if you choose B I threaten to choose C Which of the following strategic moves has the best chance of working for Lucille? Kenny, if you choose A I promise to choose D. Which of the following strategic moves has the best chance of working for Lucille? Kenny, if you choose B I threaten to choose D Which of the following strategic moves has the best chance of working for Lucille? Kenny if you choose A I threaten to choose C
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