-Consider the games depicted in Figures 13.3 and 13.4. Suppose that there is a 60 percent probability that state of nature X will prevail and a 40 percent probability that state of nature Y will prevail. The actual payoffs to both players in this game are:
I. (12, 15).
II. (16, 16).
III. (40, 12).
IV. (12, 20).
Which of the following is correct?
A) I or II.
B) II or III.
C) II or IV.
D) I or III.
E) I or IV.

Question

-Consider the games depicted in Figures 13.3 and 13.4. Suppose that there is a 60 percent probability that state of nature X will prevail and a 40 percent probability that state of nature Y will prevail. The actual payoffs to both players in this game are:
I. (12, 15).
II. (16, 16).
III. (40, 12).
IV. (12, 20).
Which of the following is correct?
A) I or II. 
B) II or III. 
C) II or IV. 
D) I or III. 
E) I or IV.

Quizplus · Accepted Answer

The Answer of 
-Consider the games depicted in Figures 13.3 and 13.4. Suppose that there is a 60 percent probability that state of nature X will prevail and a 40 percent probability that state of nature Y will prevail. The actual payoffs to both players in this game are:
I. (12, 15).
II. (16, 16).
III. (40, 12).
IV. (12, 20).
Which of the following is correct?
A) I or II. 
B) II or III. 
C) II or IV. 
D) I or III. 
E) I or IV.

-Consider the Games Depicted in Figures 13