Asked by megan brunson on Sep 24, 2024
Verified
If the shoplifter knows that the security guard has a reputation for sleeping on the job,what would his best response be
A) Steal
B) Not steal
C) Run
D) Hide
Best Response
In game theory, it is the strategy that will give a player the highest payoff, given the strategies chosen by other players in the game.
Simultaneous Game
A type of game in game theory where participants make decisions or select strategies at the same time without knowledge of the others’ choices, exemplified by the Prisoner’s Dilemma.
Shoplifter
An individual who steals merchandise from a retail store.
- Recognize the most advantageous tactics in concurrent and sequential gaming scenarios.
- Acknowledge how historical events and reputation guide strategic decision-making.
Verified Answer
RM
renzo morrisabout 21 hours ago
Final Answer :
A
Explanation :
If the shoplifter knows that the security guard has a reputation for sleeping on the job, then the best response for the shoplifter would be to steal. In case the security guard is not vigilant, the shoplifter gains 15 and the guard loses 5. On the other hand, if the guard is vigilant and the shoplifter gets caught, then the shoplifter suffers a loss of 20, but the security guard only gains a bonus worth 15. Therefore, stealing is the best option for the shoplifter in this situation.
Learning Objectives
- Recognize the most advantageous tactics in concurrent and sequential gaming scenarios.
- Acknowledge how historical events and reputation guide strategic decision-making.