Consider Bernard \ Mary Left Center Right Top 0,5 1,0 2,2 Bottom 1,0 0,3 2,2 The first number in a cell denotes the payoff to Bernard and the second number denotes the payoff to MaryForexample: πB(B,L)=1and πM(T,L)=5. a Give all pure strategy Nash equilibria of this one-shot game, if any. Briefly explain. Let Bernard play Top with probability p and Bottom with probability 1 − p; let Mary play Left with probability qL , Center with probability qC and Right with probability qR = 1 − qL − qC . b Give all mixed strategy Nash equilibria of this game.
Consider Bernard \ Mary Left Center Right Top 0,5 1,0 2,2 Bottom 1,0 0,3 2,2 The first number in a cell denotes the payoff to Bernard and the second number denotes the payoff to MaryForexample: πB(B,L)=1and πM(T,L)=5. a Give all pure strategy Nash equilibria of this one-shot game, if any. Briefly explain. Let Bernard play Top with probability p and Bottom with probability 1 − p; let Mary play Left with probability qL , Center with probability qC and Right with probability qR = 1 − qL − qC . b Give all mixed strategy Nash equilibria of this game.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider
Bernard \ Mary | Left | Center | Right |
Top | 0,5 | 1,0 | 2,2 |
Bottom | 1,0 | 0,3 | 2,2 |
The first number in a cell denotes the payoff to Bernard and the second number denotes the payoff to MaryForexample: πB(B,L)=1and πM(T,L)=5.
a Give all pure strategy Nash equilibria of this one-shot game, if any. Briefly explain.
Let Bernard play Top with probability p and Bottom with probability 1 − p; let Mary play Left with probability qL , Center with probability qC and Right with probability qR = 1 − qL − qC .
b Give all mixed strategy Nash equilibria of this game.
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