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MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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M12
Consider a game with two players where player one chooses x1 and player 2 chooses x2. a.) Using the notation of best response functions (assume these functions are well defined), write out what it means for x1 and x2 to form a Nash Equilibrium. b.) Explain why this definition is in line with our intuitive definitions of NE. What does it mean to be indifferent between two strategies? Why do both players need to be indifferent between their pure strategies in a when randomizing using a mixed strategy?
Transcribed Image Text:Consider a game with two players where player one chooses x1 and player 2 chooses x2. a.) Using the notation of best response functions (assume these functions are well defined), write out what it means for x1 and x2 to form a Nash Equilibrium. b.) Explain why this definition is in line with our intuitive definitions of NE. What does it mean to be indifferent between two strategies? Why do both players need to be indifferent between their pure strategies in a when randomizing using a mixed strategy?
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