2 Suppose that two people choose either Head or Tail. If the choices differ, person 1 pays person 2 a dollar; if they are the same, person2 pays person 1 a dollar. Each person cares only about the amount of money that she receives. A game that models this situation isshown by:HeadTailНead1, -1-1, 1Tail-1, 11, -1Which of the followings are the Nash equilibria of this game? (You can choose more than one answer)O (Head, Head)O (Head, Tail)O (Tail, Head)O (Tail, Tail)O None of the above

We will use underlining method to find the Nash equilibrium in this game.

Head 1, -1 -1, 1 Tail -1, 1 1, -1 Vhich of the followings are the Nash equilibria of this game? (You can choose more than one answer) (Неad, Head) O (Head, Tail) O (Tail, Head) D (Tail, Tail) O None of the above

Head 1, -1 -1, 1 Tail -1, 1 1, -1 Vhich of the followings are the Nash equilibria of this game? (You can choose more than one answer) (Неad, Head) O (Head, Tail) O (Tail, Head) D (Tail, Tail) O None of the above

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

Suppose that two people choose either Head or Tail. If the choices differ, person 1 pays person 2 a dollar; if they are the same, person
2 pays person 1 a dollar. Each person cares only about the amount of money that she receives. A game that models this situation is
shown by:
Head
Tail
Нead
1, -1
-1, 1
Tail
-1, 1
1, -1
Which of the followings are the Nash equilibria of this game? (You can choose more than one answer)
O (Head, Head)
O (Head, Tail)
O (Tail, Head)
O (Tail, Tail)
O None of the above

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