Amy and John are playing a simultaneous game. The first number in each cell is the payoff to Amy and the second is the payoff to John. What is the pure strategy Nash Equilibrium? mixed strategy Nash Equilibrium (use probabilities)? Amy S1 S2 John S1 (2,1) (3,9) S2 (6,5) (1,3)
Amy and John are playing a simultaneous game. The first number in each cell is the payoff to Amy and the second is the payoff to John. What is the pure strategy Nash Equilibrium? mixed strategy Nash Equilibrium (use probabilities)? Amy S1 S2 John S1 (2,1) (3,9) S2 (6,5) (1,3)
Chapter1: Making Economics Decisions
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Transcribed Image Text:Amy and John are playing a simultaneous game. The first number in each cell is the payoff to
Amy and the second is the payoff to John. What is the pure strategy Nash Equilibrium? mixed
strategy Nash Equilibrium (use probabilities)?
Amy
S1
S2
John
S1
(2,1)
(3,9)
S2
(6,5)
(1,3)
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