15. Which of the following statements about the 'Stag Hunt' game is true? (a) The pure strategy Nash equilibria can be Pareto ranked. (b) All players have a dominant strategy. (c) There cannot be a mixed strategy Nash equilibrium. (d) The surplus maximising outcome is not a Nash equilibrium. (e) None of the above.
15. Which of the following statements about the 'Stag Hunt' game is true? (a) The pure strategy Nash equilibria can be Pareto ranked. (b) All players have a dominant strategy. (c) There cannot be a mixed strategy Nash equilibrium. (d) The surplus maximising outcome is not a Nash equilibrium. (e) None of the above.
Chapter1: Making Economics Decisions
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Transcribed Image Text:15. Which of the following statements about the 'Stag Hunt' game is true?
(a) The pure strategy Nash equilibria can be Pareto ranked.
(b) All players have a dominant strategy.
(c) There cannot be a mixed strategy Nash equilibrium.
(d) The surplus maximising outcome is not a Nash equilibrium.
(e) None of the above.
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