Keith and Blake play a simultaneous one-shot game given by the following table: Blake Left Right Keith Top Bottom 4.00, -5.00 0.00, -6.00 5.00, 0.00 -2.00, 7.00 As there is no unique pure strategy Nash equilibrium, assume that each player plays each of his choices half of the time. What is the average payoff for Keith? | What is the average payoff for Blake? (Round to two decimals if necessary.) (Round to two decimals if necessary.)
Keith and Blake play a simultaneous one-shot game given by the following table: Blake Left Right Keith Top Bottom 4.00, -5.00 0.00, -6.00 5.00, 0.00 -2.00, 7.00 As there is no unique pure strategy Nash equilibrium, assume that each player plays each of his choices half of the time. What is the average payoff for Keith? | What is the average payoff for Blake? (Round to two decimals if necessary.) (Round to two decimals if necessary.)
Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 17P
Question

Transcribed Image Text:Keith and Blake play a simultaneous one-shot game given by the following table:
Blake
Left
Right
Keith
Top
Bottom
4.00, -5.00
0.00, -6.00
5.00, 0.00
-2.00, 7.00
As there is no unique pure strategy Nash equilibrium, assume that each player plays each of his choices half of the time.
What is the average payoff for Keith? |
What is the average payoff for Blake?
(Round to two decimals if necessary.)
(Round to two decimals if necessary.)
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