A general form of "the Battle of the Sexes" can be represented by the following figure. Husband Ballet Вoxing Wife Ballet К, 1 0,0 Вoxing 0, 0 1, к Where K 21. (a) Find all pure-strategy Nash equilibria. (b) Find all mixed-strategy Nash equilibria.
A general form of "the Battle of the Sexes" can be represented by the following figure. Husband Ballet Вoxing Wife Ballet К, 1 0,0 Вoxing 0, 0 1, к Where K 21. (a) Find all pure-strategy Nash equilibria. (b) Find all mixed-strategy Nash equilibria.
Chapter1: Making Economics Decisions
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Transcribed Image Text:### The Battle of the Sexes: Game Theory Representation
The game scenario known as "the Battle of the Sexes" can be illustrated with the following payoff matrix:
#### Husband vs. Wife
| | **Husband: Ballet** | **Husband: Boxing** |
|--------------|---------------------|---------------------|
| **Wife: Ballet** | \(K, 1\) | \(0, 0\) |
| **Wife: Boxing** | \(0, 0\) | \(1, K\) |
#### Explanation:
- **Players**: The two players in the game are the Husband and the Wife.
- **Strategies**: Each player has two strategies: choosing between attending Ballet or Boxing.
- **Payoffs**:
- The numbers in the cells represent the payoffs for Wife and Husband respectively.
- \(K\) is a payoff multiplier for the player who prefers a specific outcome, and it is given that \(K \geq 1\).
#### Questions:
(a) **Pure-strategy Nash Equilibria**: Find all equilibrium points where both players choose a single strategy.
(b) **Mixed-strategy Nash Equilibria**: Determine the equilibrium where players mix their strategies with certain probabilities.
This classic example in game theory demonstrates the conflict of interest between two players with differing preferences and the possible solutions to reach mutually beneficial decisions.
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