Scenario: Catherine and Arthur are playing a game. They are put in two different rooms and asked to choose between two colors: black and white. If they both choose black, they will not get any money. If they both choose white, each of them will get $5. If one chooses white while the other chooses black, the one who chooses black will get $10 and the one who chooses white will get $0.
-Refer to the scenario above.What will be the outcome of this game?

Question

Quizplus · Accepted Answer

In this game, choosing black is a dominant strategy for both players because it guarantees a higher payoff regardless of the other player's choice. If one chooses white, they risk getting $0 if the other chooses black. Therefore, both players will likely choose black to avoid the worst outcome.

Scenario: Catherine and Arthur Are Playing a Game