In the above decision tree,Peter picks first and Anita picks second.Peter and Anita both know the payoffs to each choice for both themselves and each other.
-In a mostly dishonest world,it would
A) never pay to be honest.
B) always pay to be dishonest.
C) pay to be honest with honest people.
D) pay to be honest with dishonest people.
E) always pay to be honest.

Question

In the above decision tree,Peter picks first and Anita picks second.Peter and Anita both know the payoffs to each choice for both themselves and each other.
-In a mostly dishonest world,it would
A) never pay to be honest. 
B) always pay to be dishonest. 
C) pay to be honest with honest people. 
D) pay to be honest with dishonest people. 
E) always pay to be honest.

Quizplus · Accepted Answer

In a mostly dishonest world, being honest with honest people can build trust and lead to mutually beneficial relationships, while being honest with dishonest people may not yield the same benefits.

In the Above Decision Tree,Peter Picks First and Anita Picks