Keith and Blake play a simultaneous one-shot game given by the following table: Keith Top Bottom Left 6.00,-6.00 7,00,0.00 Blake What is the average payoff for Blake? Right 0.00,-7.00 -2.00,9.00 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? (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: Keith Top Bottom Left 6.00,-6.00 7,00,0.00 Blake What is the average payoff for Blake? Right 0.00,-7.00 -2.00,9.00 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? (Round to two decimals if necessary) (Round to two decimals if necessary)
Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 17P
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
Transcribed Image Text:1st attempt
Keith and Blake play a simultaneous one-shot game given by the following table:
Keith
Top
Bottom
Left
6.00, 6.00
7,00,0.00
Blake
Right
0.00,-7.00
2.00, 9.00
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?
(Round to two decimals if necessary.)
What is the average payoff for Blake?
(Round to two decimals if necessary.)
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