In the above decision tree,Matthew picks first and Dean picks second.Matthew and Dean both know the payoffs to each choice for both themselves and each other.In this game,Matthew is the remote owner of an office that is managed by Dean,and Dean promises to always choose the upper branch at Y or Z in order to maximize Matthew's payoff.
-Refer to the above decision tree.Suppose that the society in which Matthew and Dean live is one in which all citizens have been strongly conditioned to behave honestly,such that Dean would be willing to pay 600,000 to avoid the feelings of guilt that would accompany dishonest behaviour.What is the likely outcome of the game?
A) 1000 for Matthew and 1000 for Dean.
B) 500 for Matthew and 1500 for Dean.
C) 1.5 million for Matthew and 1 million for Dean.
D) 400 for Matthew and 1.5 million for Dean.
E) The game will not be played.

Question

In the above decision tree,Matthew picks first and Dean picks second.Matthew and Dean both know the payoffs to each choice for both themselves and each other.In this game,Matthew is the remote owner of an office that is managed by Dean,and Dean promises to always choose the upper branch at Y or Z in order to maximize Matthew's payoff.
-Refer to the above decision tree.Suppose that the society in which Matthew and Dean live is one in which all citizens have been strongly conditioned to behave honestly,such that Dean would be willing to pay 600,000 to avoid the feelings of guilt that would accompany dishonest behaviour.What is the likely outcome of the game?
A) 1000 for Matthew and 1000 for Dean. 
B) 500 for Matthew and 1500 for Dean. 
C) 1.5 million for Matthew and 1 million for Dean. 
D) 400 for Matthew and 1.5 million for Dean. 
E) The game will not be played.

Quizplus · Accepted Answer

The Answer of  In the above decision tree,Matthew picks first and Dean picks second.Matthew and Dean both know the payoffs to each choice for both themselves and each other.In this game,Matthew is the remote owner of an office that is managed by Dean,and Dean promises to always choose the upper branch at Y or Z in order to maximize Matthew's payoff.
-Refer to the above decision tree.Suppose that the society in which Matthew and Dean live is one in which all citizens have been strongly conditioned to behave honestly,such that Dean would be willing to pay 600,000 to avoid the feelings of guilt that would accompany dishonest behaviour.What is the likely outcome of the game?
A) 1000 for Matthew and 1000 for Dean. 
B) 500 for Matthew and 1500 for Dean. 
C) 1.5 million for Matthew and 1 million for Dean. 
D) 400 for Matthew and 1.5 million for Dean. 
E) The game will not be played.

In the Above Decision Tree,Matthew Picks First and Dean Picks