Asked by April Lawrenz on May 10, 2024
Verified
If Sally decides to go to the boxing match,what is Sam's best response
A) Go to the ballet
B) Go to the boxing match
C) Run away
D) Hide
Best Response
In game theory, it is the strategy that yields the highest payoff for a player, given the strategies chosen by other players.
- Delve into the outcomes associated with sequential and simultaneous games.
- Recognize prime reactions within game theoretic constructs.
- Apply game theory concepts to real-world situations and theoretical problems.
Verified Answer
BK
Briauna KellerMay 13, 2024
Final Answer :
B
Explanation :
If Sally decides to go to the boxing match, Sam's best response is to go to the boxing match as well, as this would give him a payoff of 4, which is better than going to the ballet alone (payoff of 2) or running away/hiding (payoff of 0). Therefore, the best choice for Sam in this situation would be to go to the boxing match with Sally.
Learning Objectives
- Delve into the outcomes associated with sequential and simultaneous games.
- Recognize prime reactions within game theoretic constructs.
- Apply game theory concepts to real-world situations and theoretical problems.
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