Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. Which of the following statements is true?
A)Jordan does not have a dominant strategy.
B)For Jordan, seeing a comedy is a dominant strategy.
C)For Jordan, seeing a documentary is a dominant strategy.
D)Jordon's dominant strategy depends on Lee's choice.

Question

Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice.  Which of the following statements is true?
A)Jordan does not have a dominant strategy. 
B)For Jordan, seeing a comedy is a dominant strategy. 
C)For Jordan, seeing a documentary is a dominant strategy. 
D)Jordon's dominant strategy depends on Lee's choice.

Quizplus · Accepted Answer

The Answer of Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice.  Which of the following statements is true?
A)Jordan does not have a dominant strategy. 
B)For Jordan, seeing a comedy is a dominant strategy. 
C)For Jordan, seeing a documentary is a dominant strategy. 
D)Jordon's dominant strategy depends on Lee's choice.

Suppose Jordan and Lee Are Trying to Decide What to Do