Question

In previous rounds of the Golden Balls game show, these players have built up a jackpot of £47,250. Now, they must decide how the jackpot will be distributed. Each player in this round of has two strategies: split or steal. The payoffs to each player depend on the strategies played:

• If both choose split, they each receive half the jackpot.
• If one chooses steal and the other chooses split, the steal contestant wins the entire jackpot and the split contestant leaves with nothing.
• If both choose steal, neither contestant wins any money.

Match the letters in the payoff matrix below to the appropriate values based on the payoffs presented above.

		LeeAnn
		split	steal
Chloe	split	B A	F E
	steal	D C	H G

Question 1 options:

A H G C D E F B

1. £47,250 2. £23,625 3. £0

Answer 1

Jackpot value is £47,250

There are two players i.e., Chole and LeeAnn.

There are two strategies i.e., split and steal.

• If both choose split, they each receive half the jackpot.

It means both will get £23,625

• If both choose steal, neither contestant wins any money.

It means both will get £0.

• If one chooses steal and the other chooses split, the steal contestant wins the entire jackpot and the split contestant leaves with nothing.

It means the players who steal will get £47,250 and the players who split will get £0

----------------

LeeAnn split steal ווד B split A E Chloe D H steal G O

Note: First alphabet in each cell represents the payoff of Chloe corresponding to his strateggy in response to LeeAnn strategy.

and second alphabet in each cell represents the payoff of LeeAnn corresponding to his stratgey in repsonse to Chole strategy

For example; A represents the payoff of Chole when he choose "Split" given that LeeAnn choosed "split"

---------

A => £23,625

H => £0

G => £0

C => £47,250

D => £0

E=> £0

F=> £47,250

B => £23,625