Tinky Winky ond Dipsy both choose to play an action, and the payoff from that choice is dependent on what the other player chooses. Both players choose their actions simultaneously and reveal their choice to each other at the same time Tinky-Winky Jump Punch Tinky-Winky gets payoff Tinky-Winky gets payoff 6. Kick Dipsy gets payoff Dipsy Dipsy gets payoff Tinky-Winky gets payoff Tinky-Winky gets payoff Duck Dipsy gets payoff Dipsy gets payoff 10 1 Which of the following statements is true? O This game does not have any Nash equilibria. O There is more than one Nash equilibrium in this game. O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Jump" The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Punch The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Punch" The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Jump"
Tinky Winky ond Dipsy both choose to play an action, and the payoff from that choice is dependent on what the other player chooses. Both players choose their actions simultaneously and reveal their choice to each other at the same time Tinky-Winky Jump Punch Tinky-Winky gets payoff Tinky-Winky gets payoff 6. Kick Dipsy gets payoff Dipsy Dipsy gets payoff Tinky-Winky gets payoff Tinky-Winky gets payoff Duck Dipsy gets payoff Dipsy gets payoff 10 1 Which of the following statements is true? O This game does not have any Nash equilibria. O There is more than one Nash equilibrium in this game. O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Jump" The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Punch The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Punch" The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Jump"
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Tinky Winky and Dipsy both choose to play an action, and the payoff from that choice is dependent on what the other player
chooses. Both players choose their actions simultaneously and reveal their choice to each other at the same time.
Tinky-Winky
Jump
Punch
Tinky-Winky
gets payoff
Tinky-Winky
gets payoff
Kick
Dipsy
Dipsy gets
payoff
Dipsy gets
payoff
Tinky-Winky
gets payoff
Tinky-Winky
gets payoff
Duck
4.
Dipsy gets
Dipsy gets
payoff
payoff
10
Which of the following statements is true?
O This game does not have any Nash equilibria.
O There is more than one Nash equilibrium in this game.
O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Jump"
O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Punch
O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Punch"
O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Jump"](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3c498732-3685-4fa5-a586-fb076d7daf71%2Fbc73b469-a3de-4b27-98cf-036faa2a2913%2Fq37dddi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tinky Winky and Dipsy both choose to play an action, and the payoff from that choice is dependent on what the other player
chooses. Both players choose their actions simultaneously and reveal their choice to each other at the same time.
Tinky-Winky
Jump
Punch
Tinky-Winky
gets payoff
Tinky-Winky
gets payoff
Kick
Dipsy
Dipsy gets
payoff
Dipsy gets
payoff
Tinky-Winky
gets payoff
Tinky-Winky
gets payoff
Duck
4.
Dipsy gets
Dipsy gets
payoff
payoff
10
Which of the following statements is true?
O This game does not have any Nash equilibria.
O There is more than one Nash equilibrium in this game.
O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Jump"
O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Punch
O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Punch"
O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Jump"
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