Scenario: Diana and Artemis can either jointly hunt stags (adult deer) or individually hunt rabbits. Hunting stags requires cooperation, but if the two cooperate, then they get a large amount of meat. If either hunts stags alone, the chance of success is zero. Hunting rabbits is easy for an individual and even easier for if the two cooperate, but rabbits would provide smaller amounts of meat than would stags. The payoff matrix below reflects this situation. Payoffs are days' worth of meat.

-Refer to the scenario above.Which of the following is true?
A) Both hunters hunting stags is the unique Nash equilibrium.
B) One hunting stags and the other hunting rabbits is a Nash equilibrium.
C) Both hunters hunting stags is a Nash equilibrium, and so is both hunting rabbits.
D) No pair of strategies form a Nash equilibrium.

Question

Scenario: Diana and Artemis can either jointly hunt stags (adult deer) or individually hunt rabbits. Hunting stags requires cooperation, but if the two cooperate, then they get a large amount of meat. If either hunts stags alone, the chance of success is zero. Hunting rabbits is easy for an individual and even easier for if the two cooperate, but rabbits would provide smaller amounts of meat than would stags. The payoff matrix below reflects this situation. Payoffs are days' worth of meat.
 
-Refer to the scenario above.Which of the following is true?
A) Both hunters hunting stags is the unique Nash equilibrium. 
B) One hunting stags and the other hunting rabbits is a Nash equilibrium. 
C) Both hunters hunting stags is a Nash equilibrium, and so is both hunting rabbits. 
D) No pair of strategies form a Nash equilibrium.

Quizplus · Accepted Answer

In a scenario involving hunters choosing between hunting stags or rabbits, both hunters choosing to hunt stags can be a Nash equilibrium if the payoff from jointly hunting stags is higher than the payoff from hunting rabbits alone or with the other hunter choosing differently. Similarly, both choosing to hunt rabbits can also be a Nash equilibrium if the payoff from hunting rabbits, regardless of the other hunter's choice, is satisfactory for both. This reflects the concept of Nash equilibrium where no player has anything to gain by changing only their own strategy unilaterally.

Scenario: Diana and Artemis Can Either Jointly Hunt Stags (Adult