1. Consider the two-player game with the following matrix form representation a 3.2 y -1.0 b 1,3 1,-1 с -1.1 4.2 where player 1 is the "row player,” player 2 is the “column player,” and, for every cell, the left-most number is the utility that player 1 obtains from the corresponding (pure) strategy profile and the right-most number is the utility that player 2 obtains from the corresponding (pure) strategy profile. (a) Find the pure-strategy Nash equilibria of this game. (b) Find the other Nash equilibria of this game.
1. Consider the two-player game with the following matrix form representation a 3.2 y -1.0 b 1,3 1,-1 с -1.1 4.2 where player 1 is the "row player,” player 2 is the “column player,” and, for every cell, the left-most number is the utility that player 1 obtains from the corresponding (pure) strategy profile and the right-most number is the utility that player 2 obtains from the corresponding (pure) strategy profile. (a) Find the pure-strategy Nash equilibria of this game. (b) Find the other Nash equilibria of this game.
Chapter1: Making Economics Decisions
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Transcribed Image Text:1. Consider the two-player game with the following matrix form representation
a
3.2
y
-1.0
b
1,3
1,-1
с
-1.1
4.2
where player 1 is the "row player,” player 2 is the “column player,” and, for every cell, the left-most
number is the utility that player 1 obtains from the corresponding (pure) strategy profile and the
right-most number is the utility that player 2 obtains from the corresponding (pure) strategy profile.
(a) Find the pure-strategy Nash equilibria of this game.
(b) Find the other Nash equilibria of this game.
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