A celebrity must choose between staying home (H) where the papparazzi can’t take photos of her and going to the park (P) where they can. After she makes her decision, the paparazzi chooses between not working (NW) and working (W). If the celebrity stays at home and the paparazzi don’t work the payoff is (10,10) for the celebrity and paparazzi respectively. If the celebrity stays home and the paparazzi works, the payoff is (10,5). If the celebrity goes to the park and the paparazzi works, the payoff is (5,20). If the celebrity goes to the park and the paparazzi does not work, the payoffs are (20,10). Which of the following is true if the paparazzi is offered the chance to be the first mover?Group of answer choicesThe paparazzi prefers to be the second mover.The paparazzi would prefer to be the first moverThe paparazzi is indifferent between being the first mover and the second moverThere is not enough information to tell

On a Friday night, Husband and Wife simultaneously decide whether to Go Home or Work Late. If both opt to Go Home, the payoffs are (1, 3) to Husband and Wife, respectively. If both opt for Work Late, the payoffs are (5, 3). If Husband chooses to Go Home and Wife chooses to Work Late, the payoffs are (1, 5). Finally, if Husband chooses to Work Late and Wife chooses to Go Home, the payoffs are (5, 1). Choose ALL correct statements:Group of answer choicesHusband’s dominant strategy is to Work Late.The Nash equilibrium is (Work Late, Work Late); this is a prisoners’ dilemmaThe Nash equilibrium is (Work Late, Work Late); this is a dominant strategy equilibriumThe Nash equilibria are (Work Late, Work Late); (Go Home, Go Home); this is a coordination gameNone of the answers are correct.

Wozza, an entrepreneur, can either Enter (E) or Hold (H). Shazza, a rival entrepreneur, observes Wozza’s choice, then can choose to either play E or H. The payoffs are as follows: Following (E, E) (played by Wozza, then Shazza) the payoffs are (20, 50) to Wozza and Shazza, respectively. Following (E, H) the payoffs are (30, 80). Following (H, E) the payoffs are (60, 20). Finally, following (H, H), the payoffs are (20, 15) to Wozza and Shazza. Which statement is FALSE?Group of answer choicesH (played by Shazza) following E is credibleThe observed outcome in the credible (subgame perfect) equilibrium is H then E.If the order that the players get to choose E and H is reversed, the observed outcome (and actions) of the entrepreneurs will be different.H (played by Shazza) following H is credible.The sum of the payoffs to the entrepreneurs in the credible (subgame perfect) equilibrium is 80.

Wozza, an entrepreneur, can either Enter (E) or Hold (H). Shazza, a rival entrepreneur, observes Wozza’s choice, then can choose to either play E or H. The payoffs are as follows: Following (E, E) (played by Wozza, then Shazza) the payoffs are (60, 50) to Wozza and Shazza, respectively. Following (E, H) the payoffs are (90, 80). Following (H, E) the payoffs are (30, 20). Finally, following (H, H), the payoffs are (10, 15) to Wozza and Shazza. In the credible (subgame) perfect equilibrium, we observe the following play:Group of answer choicesE, then HE, then H or H, then EH, then E or E then HH then ENone of the other answers are correct

What does the author say about paparazzi?a.many people dislike the methods that they useb.their pictures can sell for large amounts of moneyc.they take pictures of people who are posing  d.much of their work is featured in tabloid newspapers

Jean decided to travel 10 Kilometers from home for work each working day this month. What assumptions likely were part of making this plan. Select all that apply.Group of answer choicesJean assumed he has the time to travel the 10 kilometers before work each day.Jean assumed the income was worth the effort to travel.Jean assumed he has the health and energy to travel the 10 kilometers each day.Jean assumed work 2 kilometers from home was more profitable.