Figure 4.1 :
-Refer to Figure 4.1. The game described in the payoff matrix has the characteristics of a(n) ________ game.
A) prisoner's dilemma
B) pure coordination
C) battle of the sexes
D) assurance

Question

Figure 4.1 : 
-Refer to Figure 4.1. The game described in the payoff matrix has the characteristics of a(n) ________ game.
A) prisoner's dilemma 
B) pure coordination 
C) battle of the sexes 
D) assurance

Quizplus · Accepted Answer

The prisoner's dilemma game is characterized by a situation where individual rationality leads to a worse collective outcome, which matches the description of the game in the payoff matrix provided.