The next 3 questions involve the following game. There are two players, a husband and wife. They can either be selfish (S) or selfless (U) in their marriage. If they choose to be selfish, then there is a negative ʻguilt’ payoff of g. The payoff matrix is below. Figure 1: The Marriage Game Wife S U S 10-g, 10-g 15-g, 2 U 2, 15-g 12, 12 Number left (right) of comma refers to H's (W's) payoff. 23. Suppose that g = 0. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 24. Suppose that g= 5. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 25. Suppose that g = 10. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). Husband
The next 3 questions involve the following game. There are two players, a husband and wife. They can either be selfish (S) or selfless (U) in their marriage. If they choose to be selfish, then there is a negative ʻguilt’ payoff of g. The payoff matrix is below. Figure 1: The Marriage Game Wife S U S 10-g, 10-g 15-g, 2 U 2, 15-g 12, 12 Number left (right) of comma refers to H's (W's) payoff. 23. Suppose that g = 0. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 24. Suppose that g= 5. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 25. Suppose that g = 10. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). Husband
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![The next 3 questions involve the following game. There are two players,
a husband and wife. They can either be selfish (S) or selfless (U) in their
marriage. If they choose to be selfish, then there is a negative ʻguilt’ payoff
of g. The payoff matrix is below.
Figure 1: The Marriage Game
Wife
S
U
S
10-g, 10-g
15-g, 2
U
2, 15-g
12, 12
Number left (right) of comma refers to H's (W's) payoff.
23. Suppose that g = 0. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
24. Suppose that g= 5. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
25. Suppose that g = 10. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
Husband](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e22cf9c-7288-428f-9c69-b1bc6b8d2a61%2F0e2ea0c8-d58c-4287-9544-a13f04a5df4c%2Flijvz5d_processed.png&w=3840&q=75)
Transcribed Image Text:The next 3 questions involve the following game. There are two players,
a husband and wife. They can either be selfish (S) or selfless (U) in their
marriage. If they choose to be selfish, then there is a negative ʻguilt’ payoff
of g. The payoff matrix is below.
Figure 1: The Marriage Game
Wife
S
U
S
10-g, 10-g
15-g, 2
U
2, 15-g
12, 12
Number left (right) of comma refers to H's (W's) payoff.
23. Suppose that g = 0. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
24. Suppose that g= 5. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
25. Suppose that g = 10. What is the Nash equilibrium (or equilibria)?
(A) (S, S).
(B) (U, S) and (S, U).
(C) (S, S) and (U, U)
(D) (U, U).
Husband
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