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In the Above Decision Tree,Peter Picks First and Anita Picks

Question 45

Multiple Choice

In the above decision tree,Peter picks first and Anita picks second.Peter and Anita both know the payoffs to each choice for both themselves and each other. -In a mostly dishonest world,it would A) never pay to be honest. B) always pay to be dishonest. C) pay to be honest with honest people. D) pay to be honest with dishonest people. E) always pay to be honest. In the above decision tree,Peter picks first and Anita picks second.Peter and Anita both know the payoffs to each choice for both themselves and each other.
-In a mostly dishonest world,it would


A) never pay to be honest.
B) always pay to be dishonest.
C) pay to be honest with honest people.
D) pay to be honest with dishonest people.
E) always pay to be honest.

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