Dob loves the orchestra (payoff of 250) and hates wimming (payoff of -250). Jim loves swimming bayoff of 250) and hates the orchestra (payoff of -250), ut both Deb and Jim prefer to go out together (bo ayoff of 250 each in addition to the payoff from the activity they choose). they go out separately, they get no bonus. What is the Nash equilibrium?

Dob loves the orchestra (payoff of 250) and hates wimming (payoff of -250). Jim loves swimming bayoff of 250) and hates the orchestra (payoff of -250), ut both Deb and Jim prefer to go out together (bo ayoff of 250 each in addition to the payoff from the activity they choose). they go out separately, they get no bonus. What is the Nash equilibrium?

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

Sub : Economics
Pls answer ASAP.Dnt CHATGPT.I ll upvote. Thank You

Deb loves the orchestra (payoff of 250) and hates
swimming (payoff of -250). Jim loves swimming
(payoff of 250) and hates the orchestra (payoff of
-250).
But both Deb and Jim prefer to go out together (bonus
payoff of 250 each in addition to the payoff from the
activity they choose).
If they go out separately, they get no bonus.
What is the Nash equilibrium?
The Nash equilibrium is that
OA. Deb goes swimming and Jim
goes to the orchestra
both Deb and Jim go to the orchestra
O B.
OC. Deb goes to the orchestra and Jim
goes swimming
OD. both Deb and Jim go swimming
CHE
Jim's
strategies
(blue
squares)
Swimming
Swimming 500
Orchestra -250
0
Deb's strategies
(red squares)
-250
250
Orchestra
250
500

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