In a small isolated town, there are two types of people, saints and crooks. In business dealings between any two residents of this town, the payoffs are below. Saint Crook Saint 8, 8 Crook 11,0 4,4 What percentage of this town's residents would be saints in an evolutionary stable strategy? Select one: O a. 40.42% O b. 60.20% O c. 55.26% O e. 57.14%

In a small isolated town, there are two types of people, saints and crooks. In business dealings between any two residents of this town, the payoffs are below. Saint Crook Saint 8, 8 Crook 11,0 4,4 What percentage of this town's residents would be saints in an evolutionary stable strategy? Select one: O a. 40.42% O b. 60.20% O c. 55.26% O e. 57.14%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

solve this ealy but correctly

In a small isolated town, there are two types of people, saints and crooks. In business dealings
between any two residents of this town, the payoffs are below.
Saint
Crook
Saint
8, 8
Crook
11,0
4,4
What percentage of this town's residents would be saints in an evolutionary stable strategy?
Select one:
O a. 40.42%
O b. 60.20%
O c. 55.26%
O e. 57.14%

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