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Hunting: Two hunters, players 1 and 2, can each choose to hunt a stag, which provides a rather large and tasty meal, or hunt a hare-also tasty, but much less filling. Hunting stags is challenging and requires mutual cooperation. If either hunts a stag alone, then the stag will get away, while hunting the stag together guarantees that the stag will be caught. Hunting hares is an individualistic enterprise that is not done in pairs, and whoever chooses to hunt a hare will catch one. The payoff from hunting a hare is 1, while the payoff to each from hunting a stag together is 3. The payoff from an unsuccessful stag hunt is 0. Represent this game as a matrix.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92002458

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