The amount $101 is available to be paid out to two players. The players must make simultaneous claims, where a claim is a non-negative integer. If the sum of the two claims does not exceed 101, each receives the amount claimed. If the sum exceed 101, each receives 0. Describe all Nash equilibria.

The amount $101 is available to be paid out to two players. The players must make simultaneous claims, where a claim is a non-negative integer. If the sum of the two claims does not exceed 101, each receives the amount claimed. If the sum exceed 101, each receives 0. Describe all Nash equilibria.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

The amount $101 is available to be paid out to two players. The players must make
simultaneous claims, where a claim is a non-negative integer. If the sum of the two
claims does not exceed 101, each receives the amount claimed. If the sum exceed 101,
each receives 0. Describe all Nash equilibria.

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