1. Consider the following version of the Prisoners' Dilemma. Player 2 Player 1 M F M (−1,−1) (0, -9) F (-9,0) (-6, -6) (a) For each mixed strategy of person 2, determine person 1's best responses. (b) For each mixed strategy of person 1, determine person 2's best responses. (c) Find all of the mixed-strategy Nash equilibria of this game.

ENGR.ECONOMIC ANALYSIS
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1. Consider the following version of the Prisoners' Dilemma.
Player 2
Player 1
M
F
(−1,−1)
(-9,0)
F (0, -9) (-6, -6)
M
(a) For each mixed strategy person 2, determine person 1's best responses.
(b) For each mixed strategy of person 1, determine person 2's best responses.
(c) Find all of the mixed-strategy Nash equilibria of this game.
Transcribed Image Text:1. Consider the following version of the Prisoners' Dilemma. Player 2 Player 1 M F (−1,−1) (-9,0) F (0, -9) (-6, -6) M (a) For each mixed strategy person 2, determine person 1's best responses. (b) For each mixed strategy of person 1, determine person 2's best responses. (c) Find all of the mixed-strategy Nash equilibria of this game.
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