Tackle the Test: Multiple-Choice Questions

  1. Question

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    Each player has an incentive to choose an action that, when both players choose it, makes them both worse off than if neither had chosen it. This situation describes
  2. Question

    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
    Which of the following is true of every Nash equilibrium?
  3. Question

    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
    A situation in which each player in a game chooses the action that maximizes his or her payoff, given the actions of the other players, ignoring the effects of his or her action on the payoffs received by others, is known as a
  4. Question

    In the context of the Richard and Justin story in the module, suppose that Justin discovers Richard’s action (confess or don’t confess) before choosing his own action.

    image
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    Based on the payoff matrix provided, Justin will
  5. 657

    Question

    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
    Which of the following is true on the basis of the payoff matrix provided in Question 4?