Question Description
Choose whichever one of the following applies.
If you choose not to take part in the state of nature offer in class it must be that you believe there is no way to maximize your self- interest by doing so. If you were talking with someone outside of class he might think you were a fool for turning this down. He would likely insist that surely there must be some way of coming out ahead if we only think about it long enough. Show why this not a case, and why there is no expected benefit from entering into the situation.
OR
If you choose to participate in the offer it must be that you think you will receive a benefit from participation. Explain why this is the reasonable expectation.
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