PLAYER B                                                                LEFT                                     RIGHT                             UP                      5 FOR A, 30 FOR B               10 FOR A, 12 FOR B PLAYER A                           DOWN               -2 FOR A, 10 FOR B             8 FOR A, 15 FOR B In the above game, the players are seeking to maximize the number they recieve.  They choose at the same time.      What is the Nash equillibrium?     Player A will choose UP and player B will choose LEFT   Player A will UP and player B will choose RIGHT   Player A will choose DOWN and player B will choose LEFT   Player A will choose DOWN and player B will choose RIGHT   Player A will choose LEFT and player B will choose UP   Player A will choose LEFT and player B will choose DOWN   Player A will choose RIGHT and player B will choose UP   Player A will choose RIGHT and player B will choose DOWN

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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                                                                              PLAYER B

                                                               LEFT                                     RIGHT

                            UP                      5 FOR A, 30 FOR B               10 FOR A, 12 FOR B

PLAYER A

                          DOWN               -2 FOR A, 10 FOR B             8 FOR A, 15 FOR B

In the above game, the players are seeking to maximize the number they recieve.  They choose at the same time.     

What is the Nash equillibrium?  

 

  • Player A will choose UP and player B will choose LEFT
  •  
    Player A will UP and player B will choose RIGHT
  •  
    Player A will choose DOWN and player B will choose LEFT
  •  
    Player A will choose DOWN and player B will choose RIGHT
  •  
    Player A will choose LEFT and player B will choose UP
  •  
    Player A will choose LEFT and player B will choose DOWN
  •  
    Player A will choose RIGHT and player B will choose UP
  •  
    Player A will choose RIGHT and player B will choose DOWN
 
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