Scenario: Your friend Joe and you decide to race your new cars. However, both of you are caught speeding by a police patrol. The matrix below shows the respective payoffs for each choice of actions. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.Suppose a new legislative policy decreases the fine for speeding to $50.This reduction in the fine to $50 ________.
A) makes it profitable for you to bribe
B) makes it profitable for Joe to bribe
C) changes the outcome of the game
D) will not change your dominant strategy

Question

Scenario: Your friend Joe and you decide to race your new cars. However, both of you are caught speeding by a police patrol. The matrix below shows the respective payoffs for each choice of actions. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.Suppose a new legislative policy decreases the fine for speeding to $50.This reduction in the fine to $50 ________.
A) makes it profitable for you to bribe 
B) makes it profitable for Joe to bribe 
C) changes the outcome of the game 
D) will not change your dominant strategy

Quizplus · Accepted Answer

Reducing the fine for speeding does not change the fundamental incentives or strategies within the game. Your dominant strategy, which is the best action regardless of what the other player does, remains unchanged because the decision to engage in bribery or not is based on more than just the cost of the fine. It involves considerations of risk, morality, and potential long-term consequences, none of which are directly altered by the fine amount.

Scenario: Your Friend Joe and You Decide to Race Your