Use the following case from question
A shoplifter and a security guard are playing a simultaneous game.If the shoplifter steals and the security guard is vigilant,the shoplifter gets caught she suffers a loss of 20,and the security guard gets a bonus worth 15.If the shoplifter steals and the security guard is not vigilant,she does not get caught and gains 15 and the guard loses 5.If the shoplifter does not steal and the guard is vigilant,the guard loses 3 for the effort,while the shoplifter gains nothing and if the shoplifter does not steal and the guard is not vigilant,neither gain anything
-If the shoplifter knows that the security guard has a reputation of always being vigilant,what is his best response?
A)Steal
B)Not steal
C)Run
D)Hide

Question

​Use the following case from question
A shoplifter and a security guard are playing a simultaneous game.If the shoplifter steals and the security guard is vigilant,the shoplifter gets caught she suffers a loss of 20,and the security guard gets a bonus worth 15.If the shoplifter steals and the security guard is not vigilant,she does not get caught and gains 15 and the guard loses 5.If the shoplifter does not steal and the guard is vigilant,the guard loses 3 for the effort,while the shoplifter gains nothing and if the shoplifter does not steal and the guard is not vigilant,neither gain anything
-​If the shoplifter knows that the security guard has a reputation of always being vigilant,what is his best response?
A)​Steal
B)Not steal
C)Run
D)​Hide

Quizplus · Accepted Answer

If the shoplifter knows that the security guard is always vigilant, the best strategy for her would be to not steal. If she steals and the guard is vigilant, she will suffer a loss of 20. On the other hand, if she does not steal, she gains nothing, but also does not incur any loss. Therefore, choosing not to steal is the best response for the shoplifter in this scenario.

​Use the Following Case from Question

Use the Following Case from Question