Question
Read this story and answer following questions. Alexa and Judd have been dating for a year, and they are serious. On a beautiful summer weekend,
Read this story and answer following questions. Alexa and Judd have been dating for a year, and they are serious. On a beautiful summer weekend, both decide to go out. However, they have differences of opinion in choosing the place to meet, and no way of discussing the issue before their meeting. Alexa prefers to go to a movie; Judd prefers to go to dinner. If both go to dinner, then Judd's payoff is two and Alexa gets one. If both choose the movie, then Judd's payoff is one, and Alexa's payoff is two. If Alexa goes to dinner alone and Judd goes to a movie alone, or vice-versa, then their respective payoff is zero each.
1.What is the dominant strategy for Judd?
Select one:
a.Dinner
b.Movie
c.Judd doesn't have a dominant strategy
d.Both a and b
e.None
2.What is the dominant strategy for Alexa?
Select one:
a.Dinner
b.Movie
c.Alexa doesn't have a dominant strategy
d.Both a and b
e.None
3.What is the Nash Equilibrium for Alexa and Judd's game?
Select one:
a.Judd: Movie; Alexa: Movie
b.Judd: Dinner; Alexa: Dinner
c.Judd: Dinner; Alexa: Movie
d.Judd: Movie; Alexa: Dinner
e.Both a and b
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