Asked by Matthew Sherman on Sep 24, 2024
Verified
If the security guard knows that the shoplifter has been caught before,his best response would be
A) Being watchful
B) Sleeping on the job
C) Run
D) Hide
Best Response
A strategy that yields the highest benefit for a player, given the strategies chosen by other players in a game theory context.
Simultaneous Game
A scenario in strategic interaction where all players make their decisions at the same time, often without knowledge of the others' choices.
Security Guard
A security guard is a person employed to protect property, assets, or people, often found in a variety of commercial and public settings.
- Determine optimal responses in concurrent and sequential games.
- Understand the influence of reputation and historical behaviors on strategic choices.
Verified Answer
AG
Andrew Gilton1 day ago
Final Answer :
A
Explanation :
Since the security guard knows that the shoplifter has been caught before, it is safe to assume that the shoplifter is more likely to steal again. Therefore, being watchful is the guard's best response to minimize the risk of the shoplifter stealing and causing a loss to the store.
Learning Objectives
- Determine optimal responses in concurrent and sequential games.
- Understand the influence of reputation and historical behaviors on strategic choices.