In: Economics
1) Provide a set of payoffs in this format
a, b | c, d
e, f | g, i
for a 2x2 game that illustrated the problem of free access to guns.
2) Provide a set of payoffs in this format
a, b | c, d
e, f | g, i
for a 2x2 version of the Battle of the Sexes.
3. In what sense is the Battle of the Sexes a "social dilemma"?
Access to guns game
In the format (a,b)= a is Player 1’s payoff and b is Player 2’s payoff
Player 2 |
|||
Has Guns |
Has no Guns |
||
Player 1 |
Has Guns |
1,1 |
2,-1 |
Has no Guns |
-1,2 |
3,3 |
It is clear in the game that lack of access to guns, which leads to no possession of guns will result in the highest pay-off
Battle of the sexes
In the format (a,b)= a is Jacob’s payoff and b is Amy’s payoff
Amy |
|||
Opera |
Football |
||
Jake |
Opera |
2,1 |
0,0 |
Football |
0,0 |
1,2 |
Question Number 3 is not a question related to economics, therefore I won't be the best person to answer it :)