Answered: 3) Find all the pure strategy Nash…

3) Find all the pure strategy Nash equilibrium of the following normal form game Player 2 T1 T2 1, 2 3, 4 Player 1 S2 5, 6 7, 8 (S1,T1} (S2, T2} {S2, T1}

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3) Find all the pure strategy Nash equilibrium of the following normal form game.
Player 2
T1
T2
S1
Player 1
1, 2
3, 4
S2
5, 6 7, 8
(S1, T1}
(S2, T2)
{S2, T}
(S1, T2}

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