Q. 2. Consider the game of voters participation. Two candidates A (with two suporters) and B (with remaining three voters supporting him) compete. Voters have the option of voting for the preferred candidate or abstain. If a voter decides to vote then her payoffs are 2-e, 1- c and - c if her preferred candidate wins, ties or loose respectively. Her payoffs are 2, 1 and 0 for the above outcomes if she abstains. Show that there is a mixed strategy Nash equilibrium in which both supporters of A votes with probability p (0

Q. 2. Consider the game of voters participation. Two candidates A (with two suporters) and B (with remaining three voters supporting him) compete. Voters have the option of voting for the preferred candidate or abstain. If a voter decides to vote then her payoffs are 2-e, 1- c and - c if her preferred candidate wins, ties or loose respectively. Her payoffs are 2, 1 and 0 for the above outcomes if she abstains. Show that there is a mixed strategy Nash equilibrium in which both supporters of A votes with probability p (0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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