Scenario: The following payoff matrix represents a simultaneous-move game between two players: Dan and Jessa. Each player has two choices: Strategy X or Strategy Y. The first number in each cell is the payoff to Dan, and the second number is the payoff to Jessa.

-Refer to the scenario above.If Dan and Jessa both choose Y,________.
A) Jessa will be better off if she switches to X
B) Dan will be better off if he doesn't change his choice
C) they will be at the Nash equilibrium
D) they will be at the dominant strategy equilibrium

Question

Scenario: The following payoff matrix represents a simultaneous-move game between two players: Dan and Jessa. Each player has two choices: Strategy X or Strategy Y. The first number in each cell is the payoff to Dan, and the second number is the payoff to Jessa.
 
-Refer to the scenario above.If Dan and Jessa both choose Y,________.
A) Jessa will be better off if she switches to X 
B) Dan will be better off if he doesn't change his choice 
C) they will be at the Nash equilibrium 
D) they will be at the dominant strategy equilibrium

Quizplus · Accepted Answer

The Answer of Scenario: The following payoff matrix represents a simultaneous-move game between two players: Dan and Jessa. Each player has two choices: Strategy X or Strategy Y. The first number in each cell is the payoff to Dan, and the second number is the payoff to Jessa.
 
-Refer to the scenario above.If Dan and Jessa both choose Y,________.
A) Jessa will be better off if she switches to X 
B) Dan will be better off if he doesn't change his choice 
C) they will be at the Nash equilibrium 
D) they will be at the dominant strategy equilibrium

Scenario: the Following Payoff Matrix Represents a Simultaneous-Move Game Between