Suppose you are trying to decide how to attack your opponent in a video game contest. If you choose Strategy A and your opponent guesses correctly you will win 60% of the time. If you chose A and your opponent assumes you will pick B you will win 80% of the time. If you choose Strategy B and your opponent assumes you will pick B you will win 60% of the time. If you choose B and your opponent assumes you will pick A you will win 70% of the time. What percentage of the time should you choose A?
Suppose you are trying to decide how to attack your opponent in a video game contest. If you choose Strategy A and your opponent guesses correctly you will win 60% of the time. If you chose A and your opponent assumes you will pick B you will win 80% of the time. If you choose Strategy B and your opponent assumes you will pick B you will win 60% of the time. If you choose B and your opponent assumes you will pick A you will win 70% of the time. What percentage of the time should you choose A?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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solve correctly. I will rate accordingly.
![Suppose you are trying to decide how to
attack your opponent in a video game
contest. If you choose Strategy A and your
opponent guesses correctly you will win
60% of the time. If you choose A and your
opponent assumes you will pick B you will
win 80% of the time.
If you choose Strategy B and your
opponent assumes you will pick B you will
win 60% of the time. If you choose B and
your opponent assumes you will pick A you
will win 70% of the time.
What percentage of the time should you
choose A?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F666baf5c-7a1b-4880-ad92-285fcb72b22e%2F1f786104-3cfd-4df5-9de5-dff538d167d7%2Fi3ouh8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose you are trying to decide how to
attack your opponent in a video game
contest. If you choose Strategy A and your
opponent guesses correctly you will win
60% of the time. If you choose A and your
opponent assumes you will pick B you will
win 80% of the time.
If you choose Strategy B and your
opponent assumes you will pick B you will
win 60% of the time. If you choose B and
your opponent assumes you will pick A you
will win 70% of the time.
What percentage of the time should you
choose A?
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