(In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2 chooses the column, and if there is a Player 3, she chooses the matrix.) restaurant cricket restaurant 8, X 0, 5 cricket 1, 12 10, 7 We say that Players 1 and 2 meet if and only if they choose the same strategy. Suggest a value in the range X element of left square bracket 0 comma 20 right square bracket such that the above game matrix reflects that - Player 1 prefers being at cricket over being at the restaurant, while Player 2 prefers being at the restaurant over being at cricket, and - each player prefers meeting at a location over being alone at that location, and - meeting is more important to Player 1 than being in their preferred location, and - being at their preferred location is more important to Player 2 than meeting.
Question
(In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2 chooses the column, and if there is a Player 3, she chooses the matrix.)
restaurant cricket
restaurant 8, X 0, 5 cricket 1, 12 10, 7
We say that Players 1 and 2 meet if and only if they choose the same strategy. Suggest a value in the range X element of left square bracket 0 comma 20 right square bracket such that the above game matrix reflects that
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Player 1 prefers being at cricket over being at the restaurant, while Player 2 prefers being at the restaurant over being at cricket, and
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each player prefers meeting at a location over being alone at that location, and
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meeting is more important to Player 1 than being in their preferred location, and
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being at their preferred location is more important to Player 2 than meeting.
Solution 1
To satisfy the conditions given, we need to choose a value for X that reflects the preferences of both players.
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Player 1 prefers cricket over the restaurant: This is reflected in the game matrix by the fact that Player 1 gets a higher payoff (10) for cricket than for the restaurant (8 or less depending on X).
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Player 2 prefers the restaurant over cricket: This is reflected in the game matrix by the fact that Player 2 gets a higher payoff (X) for the restaurant than for cricket (7 or less).
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Each player prefers meeting at a location over being alone at that location: This means that the payoff for meeting (the diagonal elements of the matrix) should be higher than the payoff for being alone (the off-diagonal elements). For Player 1, this is already the case. For Player 2, this means that X should be greater than 5 and 12.
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Meeting is more important to Player 1 than being in their preferred location: This means that the payoff for meeting at the restaurant (X) should be higher than the payoff for being alone at cricket (10). So, X should be greater than 10.
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Being at their preferred location is more important to Player 2 than meeting: This means that the payoff for being alone at the restaurant (X) should be higher than the payoff for meeting at cricket (7). So, X should be greater than 7.
Taking all these conditions into account, the only value that satisfies all conditions is X = 13.
Solution 2
To satisfy the conditions given, we need to choose a value for X that reflects the preferences of both players.
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Player 1 prefers cricket over the restaurant: This is reflected in the game matrix by the fact that Player 1 gets a higher payoff (10) for cricket than for the restaurant (8 or less depending on X).
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Player 2 prefers the restaurant over cricket: This is reflected in the game matrix by the fact that Player 2 gets a higher payoff (X) for the restaurant than for cricket (7 or less).
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Each player prefers meeting at a location over being alone at that location: This means that the payoff for meeting (the diagonal elements of the matrix) should be higher than the payoff for being alone (the off-diagonal elements). For Player 1, this is already the case. For Player 2, we need to choose X such that X > 5 and X > 12.
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Meeting is more important to Player 1 than being in their preferred location: This means that the payoff for meeting at the restaurant (X) should be higher than the payoff for being alone at cricket (10). So we need X > 10.
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Being at their preferred location is more important to Player 2 than meeting: This means that the payoff for being alone at the restaurant (X) should be higher than the payoff for meeting at cricket (7). So we need X > 7.
Taking all these conditions together, we find that X should be greater than 12 to satisfy all conditions. However, X also needs to be in the range [0, 20]. Therefore, any value in the range (12, 20] would work. For example, X could be 13, 14, 15, 16, 17, 18, 19, or 20.
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