Answer the following statement(s) true (T) or false (F)
1. The Good Samaritan Rule dictates that if a person witnesses a crime, they must assist the person against whom the crime is being committed.
2. It is always best to be the strong pig in Pigs in a Box.
3. For a Nash equilibrium to exist, at least one player must have a dominant strategy.
4. An outcome is not a Nash equilibrium if either player would be better off with a different strategy.
5. A player has a dominant strategy when there is one strategy the player would want to follow regardless of the other player's behavior.
1. False
2. False
3. False
4. False
5. True
You might also like to view...
Under a market system, the people with information about buyers' desires, production technology and resources make the decisions
Indicate whether the statement is true or false
Which of the following should not be considered as an opportunity cost of attending college?
a. Expenses that are the same whether or not you attend college b. Lost salary c. Business lunches d. Interest that could have been earned on your money had you put the money into a savings account, rather than spent it on tuition e. Opportunities sacrificed in the decision to attend college