3. Consider the following game in normal form. Player 1 is the "row" player with strate- gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, z. The game is presented in the following matrix: W x y z 3,3 2,1 0,2 2,1 a b 1,1 1,2 1,0 1,4 c 0,0 1,0 3,2 1,1 d 0,0 0,5 0,2 3,1 Find all the Nash equilibria in the game in pure strategies.
3. Consider the following game in normal form. Player 1 is the "row" player with strate- gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, z. The game is presented in the following matrix: W x y z 3,3 2,1 0,2 2,1 a b 1,1 1,2 1,0 1,4 c 0,0 1,0 3,2 1,1 d 0,0 0,5 0,2 3,1 Find all the Nash equilibria in the game in pure strategies.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![3. Consider the following game in normal form. Player 1 is the "row" player with strate-
gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, z. The game
is presented in the following matrix:
W
x y Z
2,1 0,2 2,1
a
3,3
b
1,1 1,2 1,0 1,4
c
0,0 1,0 3,2 1,1
d 0,0 0,5 0,2 3,1
Find all the Nash equilibria in the game in pure strategies.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1e5436b4-4f61-4cd9-bce9-cb30b7b6f5c0%2Fe3a7a145-5187-4108-9c01-d2a818fb5893%2Fsf3wzod_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. Consider the following game in normal form. Player 1 is the "row" player with strate-
gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, z. The game
is presented in the following matrix:
W
x y Z
2,1 0,2 2,1
a
3,3
b
1,1 1,2 1,0 1,4
c
0,0 1,0 3,2 1,1
d 0,0 0,5 0,2 3,1
Find all the Nash equilibria in the game in pure strategies.
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