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    Mathematics
  3. Study Set
    Game Theory in Business and Economics
  4. Exam
    Exam 14: Torts and Contracts
  5. Question
    -Consider the Game Depicted in Figure 14
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-Consider the Game Depicted in Figure 14

Question 7

Question 7

Multiple Choice

  -Consider the game depicted in Figure 14.7, which summarizes the payoffs to a tortfeasor and an injured person resulting from an act of negligence. The Nash equilibrium strategy profile for this game is: A)  {Negligent, Negligent}. B)  {Moderate, Diligent}. C)  {Negligent, Moderate}. D)  {Moderate, Moderate}. E)  {Diligent, Diligent}.
-Consider the game depicted in Figure 14.7, which summarizes the payoffs to a tortfeasor and an injured person resulting from an act of negligence. The Nash equilibrium strategy profile for this game is:


A) {Negligent, Negligent}.
B) {Moderate, Diligent}.
C) {Negligent, Moderate}.
D) {Moderate, Moderate}.
E) {Diligent, Diligent}.

Correct Answer:

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