Please refer to the ideas and solutions given in the examples. Very very appreciate!!!! Find all Nash equilibria using the table method. Use / for column dominance and \for row dominance. Put both / and \ if both apply; i.e. check every cell for bothrow and column elimination. After using algebra to resolve any surviving cells,plug your strategies back into the game and compute payoffs to verify yoursolutions. Show all your work. NO CALCULATORS or decimal answers - usefractions!1,2 0,3-1,-2 2,-21,11,02,1-3,0-1,-112312132312312312 13 23 123 Find all Nash equilibria using the table method. Use / for column dominance and \for row dominance. Put both / and \ if both apply; i.e. check every cell for bothrow and column elimination. After using algebra to analyze any surviving cells,plug your strategies back into the game and compute payoffs to verify yoursolutions. Show all your work. NO CALCULATORS or decimal answers - usefractions! Thank you!01/31/2 2/7 1/2 1,21/2 3/7 00 2/7 1/211AAAA231213 123 1123 1-1,-23,1211A11A13/20/2E: need p2(x,c1)=p2(x,c2)=p2(x,c3) andp1(r1,y) = p1(r2,y) = p1(r3,y). yB makes all 3rows pay the same, and it is the unique mixturethat does so, so there are no NE in cell E.371^1A1112111/BIC5/62/31,32,-20,03/21/2-x1+0x2+1(1-x1-x2) = 0-2x1 - x2 + 1 = 02x1 + x2 = 1131A/A1111/602,1 1 7/6-3,0 1 7/6-1,-1 1-1/601/223 12311/1AD1A1A /E1A: XA=(0,0,1)= r3, yA=(1,0,0)= c1B: xB=(1/2, 0, 1/2), yB=(1/3, 2/3, 0)C: yC=yB, xC must satisfyp2(x,c1)=p2(x,c2)>=p2(x,c3)2x1-2x2+1(1-x2-x3)-[3x1-2x2+0(-[1x1+0x2-1(D: xD must satisfyp2(x,c2)=p2(x,c3)>=p2(x,c1)X~3x1-2(1-x2)-[ 1x1+0(1-x1)2x1-2(1-x1)= 0x1 = x2 = 1/2yD must satisfyp1(r1,y)=p1(r2,y)>=p1(r3,y)1y2+2(1-y2)-[2y2-3(1-y2)-y2+5(1-y2)= 05-6y2 = 0The set of x's that satisfy both the equationand the inequalities.NE = {(x,y) | y = (1/3, 2/3, 0),2x1-2x2+1(1-x2-x3)x1-2x2+2(1-x1-x2) >= 0-x1-4x2 + 2 >= 0x1 + 4x2 <= 2y1 = 0, y2 = 5/6, y3 = 1/6xBC: continued...p2(x,c2)>=p2(x,c3)3x1-2x2+0(-[1x1+0x2-1(x = axB+ (1-a)x-0 <= a <=1}2x1-2x2+1(1-x1-x2) >= 0x1 - 3x2 + 1 >= 0-x1 + 3x2 <= 1C: continued...p2(x,c1)>=p2(x,c3)2x1 + x2 = 1x1 + 4x2 = 2x1 = 2/7, x2 = 3/7, x3 = 2/7x~= (2/7,3/7/2/7)

A Nash equilibrium is a concept in recreation principle that represents a strong nation in a…

Find all Nash equilibria using the table method. Use / for column dominance and \ for row dominance. Put both / and \ if both apply; i.e. check every cell for both row and column elimination. After using algebra to resolve any surviving cells, plug your strategies back into the game and compute payoffs to verify your solutions. Show all your work. NO CALCULATORS or decimal answers - use fractions!

Find all Nash equilibria using the table method. Use / for column dominance and \ for row dominance. Put both / and \ if both apply; i.e. check every cell for both row and column elimination. After using algebra to resolve any surviving cells, plug your strategies back into the game and compute payoffs to verify your solutions. Show all your work. NO CALCULATORS or decimal answers - use fractions!

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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