Question: to avoid hard work. In particular, here is the situation: If both of you work hard, you both get an A, which gives each of
to avoid hard work. In particular, here is the situation:
| If both of you work hard, you both get an A, which gives each of you 50 units of happiness. | |
| If only one of you works hard, you both get a B, which gives each of you 40 units of happiness. | |
| If neither of you works hard, you both get a D, which gives each of you 15 units of happiness. | |
| Working hard costs 30 units of happiness. |
Complete the following payoff matrix given the previous information. In each cell, your classmate's payoff is on the left and yours is on the right.
| Your Decision | |||||||||||||
| Work | Shirk | ||||||||||||
| Classmate's Decision | Work | , | , | ||||||||||
| Shirk | , | , The likely outcome is that your classmate and you . If you get this classmate as your partner on a series of projects throughout the year, rather than only once, you are likely to engage in cooperation. Another classmate cares more about good grades: He gets 60 units of happiness for a B and 95 units of happiness for an A. Complete the following payoff matrix, assuming you have this classmate as a partner.
|
to avoid hard work. In particular, here is the situation:
| If both of you work hard, you both get an A, which gives each of you 50 units of happiness. | |
| If only one of you works hard, you both get a B, which gives each of you 40 units of happiness. | |
| If neither of you works hard, you both get a D, which gives each of you 15 units of happiness. | |
| Working hard costs 30 units of happiness. |
Complete the following payoff matrix given the previous information. In each cell, your classmate's payoff is on the left and yours is on the right.
| Your Decision | |||||||||||||
| Work | Shirk | ||||||||||||
| Classmate's Decision | Work | , | , | ||||||||||
| Shirk | , | , The likely outcome is that your classmate and you . If you get this classmate as your partner on a series of projects throughout the year, rather than only once, you are likely to engage in cooperation. Another classmate cares more about good grades: He gets 60 units of happiness for a B and 95 units of happiness for an A. Complete the following payoff matrix, assuming you have this classmate as a partner.
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
