-Consider the Games Depicted in Figures 13

Multiple Choice

-Consider the games depicted in Figures 13.3 and 13.4. Suppose that there is a 60 percent probability that state of nature X will prevail and a 40 percent probability that state of nature Y will prevail. The actual payoffs to both players in this game are:
I. (12, 15) .
II. (16, 16) .
III. (40, 12) .
IV. (12, 20) .
Which of the following is correct?

A) I or II.
B) II or III.
C) II or IV.
D) I or III.
E) I or IV.