Consider the following game: you and a partner on a school project are asked to evaluate the other, privately rating them either "1 (Good)" or "0 (Bad)". After all the ratings have been done, a bonus pot of $1000 is given to the person with the highest number of points. If there is a tie, the pool is split evenly. Both players only get utility from money. Mark all of the following true statements: A. The best response to your partner rating you as Good is to rate them as Good as well. Your answer B. There is no best response in this game. C. Your partner's best response to you rating them as Bad is to also rate you as C Bad. D. Your best response to any strategy of your partner is to play "Good".
Consider the following game: you and a partner on a school project are asked to evaluate the other, privately rating them either "1 (Good)" or "0 (Bad)". After all the ratings have been done, a bonus pot of $1000 is given to the person with the highest number of points. If there is a tie, the pool is split evenly. Both players only get utility from money. Mark all of the following true statements: A. The best response to your partner rating you as Good is to rate them as Good as well. Your answer B. There is no best response in this game. C. Your partner's best response to you rating them as Bad is to also rate you as C Bad. D. Your best response to any strategy of your partner is to play "Good".
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter15: Strategic Games
Section: Chapter Questions
Problem 15.1IP
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Consider the following game: you and a partner on a school project are asked to evaluate the other, privately rating them either "1 (Good)" or "0 (Bad)". After all the ratings have been done, a bonus pot of $1000 is given to the person with the highest number of points. If there is a tie, the pool is split evenly. Both players only get utility from money. Mark all of the following true statements:
A. The best response to your partner rating you as Good is to rate them as Good as well. Your answer
B. There is no best response in this game.
C. Your partner's best response to you rating them as Bad is to also rate you as C Bad.
D. Your best response to any strategy of your partner is to play "Good".
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