1. Consider the two-player game with the following matrix form representation a 3.2 y -1.0 b 1,3 1,-1 с -1.1 4.2 where player 1 is the "row player,” player 2 is the “column player,” and, for every cell, the left-most number is the utility that player 1 obtains from the corresponding (pure) strategy profile and the right-most number is the utility that player 2 obtains from the corresponding (pure) strategy profile. (a) Find the pure-strategy Nash equilibria of this game. (b) Find the other Nash equilibria of this game.

1. Consider the two-player game with the following matrix form representation a 3.2 y -1.0 b 1,3 1,-1 с -1.1 4.2 where player 1 is the "row player,” player 2 is the “column player,” and, for every cell, the left-most number is the utility that player 1 obtains from the corresponding (pure) strategy profile and the right-most number is the utility that player 2 obtains from the corresponding (pure) strategy profile. (a) Find the pure-strategy Nash equilibria of this game. (b) Find the other Nash equilibria of this game.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter8: Game Theory

Section: Chapter Questions

Problem 8.7P

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