-Consider the oil-drilling game in Figure 6.6. Payoffs are in millions of dollars. PETROX's optimal mixing rule is:
A) Randomly drill a narrow well 4 out of 5 times.
B) Randomly drill a wide well 1 out of 5 times.
C) Randomly drill a narrow well 3 out of 4 times.
D) Randomly drill a narrow well 6 out of 15 times.
E) Answers a and b are correct.

Question

-Consider the oil-drilling game in Figure 6.6. Payoffs are in millions of dollars. PETROX's optimal mixing rule is:
A) Randomly drill a narrow well 4 out of 5 times. 
B) Randomly drill a wide well 1 out of 5 times. 
C) Randomly drill a narrow well 3 out of 4 times. 
D) Randomly drill a narrow well 6 out of 15 times. 
E) Answers a and b are correct.

Quizplus · Accepted Answer

The Answer of 
-Consider the oil-drilling game in Figure 6.6. Payoffs are in millions of dollars. PETROX's optimal mixing rule is:
A) Randomly drill a narrow well 4 out of 5 times. 
B) Randomly drill a wide well 1 out of 5 times. 
C) Randomly drill a narrow well 3 out of 4 times. 
D) Randomly drill a narrow well 6 out of 15 times. 
E) Answers a and b are correct.

-Consider the Oil-Drilling Game in Figure 6