Scenario: Beth and Mary work as designers for a leading footwear manufacturer. Together, they came up with a new design that was successful from the day it was launched in the market. Impressed with their performance, their boss wants to reward them. He hands over $5,000 to Beth and asks her to offer Mary any amount she wants. If Mary accepts the offer, the money will be split in the decided proportion. However, if Mary rejects the offer, both of them will forgo the chance to be rewarded.
-Refer to the scenario above.The situation here is similar to that in ________.

Question

Quizplus · Accepted Answer

The scenario described is similar to an ultimatum game, where one player proposes a division of a reward and the other player can either accept or reject the offer. If the offer is accepted, the reward is split as proposed, but if the offer is rejected, neither player receives any reward. This is different from a zero-sum game, where the total payoff is fixed and one player's gain results in the other player's loss. The scenario also does not fit the description of a symmetric game, where both players have the same set of strategies and payoffs. The prisoners' dilemma involves two suspects being interrogated separately, and they can either cooperate with each other or betray each other to the police. The scenario described does not involve any kind of betrayal or competition between the two designers.

Scenario: Beth and Mary Work as Designers for a Leading