Question

The following information is relevant for questions 15-18. Consider the following game. (It'd be very helpful to draw a game tree). Dodgers and Giants are trying to pick draftees, and they have a choice between a high school and a college draftee. Dodgers pick first. After observing their choice, Giants take their pick.

If Dodgers pick a high school draftee, and then Giants also pick a high school draftee, they end up with a (monetary) payoff of (4,4) (that is, Dodgers get 4, Giants get 4). If Dodgers pick a high school draftee, and then Giants pick a college draftee, the payoff is (10,1). If Dodgers pick a college draftee, and then Giants pick a high school draftee, the payoff is (1,10). Finally, if both pick college draftees, the payoff is (6,6).

15. What type of a game is this?

Question 15 options:

	a.A mixed strategy game
	b.A pure strategy game
	c.A simultaneous game
	d.A sequential game

Question 16 (1 point)

16. What is Giants' best response if Dodgers choose a high school draftee?

Question 16 options:

	a.Choose a high school draftee
	b.Choose a college draftee
	c.They should be indifferent between the two
	d.It cannot be determined from the given information

Question 17 (1 point)

17. What is Giants' best response if Dodgers choose a college draftee?

Question 17 options:

	a.Choose a high school draftee
	b.Choose a college draftee
	c.They should be indifferent between the two
	d.It cannot be determined from the given information

Question 18 (1 point)

18. What pair of strategies (for the Dodgers and the Giants) is the subgame-perfect Nash equilibrium?

Question 18 options:

	a.Both pick high school draftees
	b.Dodgers pick high school draftee, Giants pick college draftee
	c.Dodgers pick college draftee, Giants pick high school draftee
	d.Both pick college draftees

Answer 1