Question: Chris and Jalen are playing a game of rock-paper-scissors. They have decided to wager on the game. The loser pays the winner $1. If


Chris and Jalen are playing a game of rock-paper-scissors. They have decided to wager on the game. The loser pays the winner $1. If there is a tie, no money exchanges hands. Use this information to answer the next two questions. 5) Chris plays rock and Jalen plays paper. Which of the following is true? A) Both players are playing a best response B) Neither player is playing a best response C) Only Chris is playing a best response D) Only Jalen is playing a best response. 6) Chris and Jalen both play rock. Is this a Nash Equilbrium? A) Yes, because neither plaver has an incentive to unilaterally deviate from their chosen Strategy B) No, because have an incentive to unilaterally deviate from their chosen strategy C) No, because onlv one plaver has an incentive to unilaterally deviate from their chosen Strategy D) Yes, because no money changes hands, so no player is made worse off by the game 7) Online college exams have become more common, but one major concern for students and professors is the amount of cheating that occurs. According to what we leamed in class about coordination games, which of the following would be an effective deterrent to cheating: A) E-mailing students a reminder of the penalties for cheating B) E-mail students results from a study which found that cheating in online exams is very rare and actually less common than cheating in in-person exams C) Offer students an A if they turn in a classmate for cheating D) Send students an e-mail reminding them how important their grades are for future success 8) Jack and Vince are friends who were planning to watch a football game together at a bar tonight. They were deciding between Buffalo Wild Wings and Harper's. Neither of them really has a preference for which bar to go to they just want to be together. Jack's cell phone died before they could finalize their plans, so they don't know which bar to meet at. This could be categorized as a A) Hawk-Dove game B) Prisoners' Dilemma C) Coordination game D) Game with no Nash Equilibrium
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