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Going stag. Two Englishmen, Neville and Winston, go hunting. Each may choose to hunt a hare or a stag but must make a choice without knowing the other’s decision. A solo hunter will catch a hare easily, but it takes both hunters in cooperation to catch a stag, the more valuable prey. The payoff matrix from Winston’s point of view is given below.
Find the Nash equilibrium point for this game. Is this point truly optimal for both hunters?
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The Heart of Mathematics: An Invitation to Effective Thinking 4e + WileyPLUS Registration Card
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