Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 20, Problem 5IP

(a)

To determine

The Nash equilibrium of an average game.

(b)

To determine

The expectation of the equilibrium to approach the Nash equilibrium, if a class plays the average game.

(c)

To determine

The difference if the equilibrium in playing the real-world game is not the Nash equilibrium.

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