Business, 29.05.2020 15:59, ann6083

After teaching a class on game theory, the instructor announces that if every student skips the last question on the next exam, everyone will receive full credit for that question. However, if one or more students answer the last question, all responses will be graded and those who skip the question will get a zero.
Will the entire class skip the last question if there is no chance for classmates to discuss the situation before taking the exam?
Choose one:

A) No, because the dominant strategy of the best-prepared students is to answer the last question.
B) No, because there is always at least one selfish person in the class who will answer the last question.
C) Yes, because everyone assumes that all other classmates will skip the question.
D) Yes, because this strategy offers the best result for everyone.

Answers: 2

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After teaching a class on game theory, the instructor announces that if every student skips the last...