Table 15.2.9

-Refer to Table 15.2.9. Two students are assigned a group project. Each has the option to work or not work to achieve a high grade. The payoffs are shown in the above table. Student 1
A)works only if student 2 works.
B)works regardless of the decision made by student 2.
C)does not work if student 2 works.
D)does not work regardless of what student 2 decides.
E)works only if student 2 does not work.

Question

Table 15.2.9
 
-Refer to Table 15.2.9. Two students are assigned a group project. Each has the option to work or not work to achieve a high grade. The payoffs are shown in the above table. Student 1
A)works only if student 2 works. 
B)works regardless of the decision made by student 2. 
C)does not work if student 2 works. 
D)does not work regardless of what student 2 decides. 
E)works only if student 2 does not work.

Quizplus · Accepted Answer

Based on the table, if both students work, they both receive a high grade, which is the highest payoff for both. If Student 1 does not work when Student 2 works, Student 1 receives a low grade and the lowest payoff, whereas if Student 1 works when Student 2 does not, they receive a moderate grade and payoff. Therefore, the best choice for Student 1 would be to work regardless of what Student 2 decides, as it ensures the highest possible payoff for both.

Table 15.2.9 -Refer to Table 15.2.9. Two Students Are Assigned a Group