Question

Find two nash equilibria of the game L C R U 1,-1 0,0 -1,1 M 0,0...

Find two nash equilibria of the game

L C R
U 1,-1 0,0 -1,1
M 0,0 1,1 0,0
D -1,1 0,0 1,-1
Business   Economics   
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Homework Answers

Answer #1

(M,C) is one Nash equilibrium.

It is so because if player 1 chooses M, then the other player should choose C and vice versa.

There is another mixed Nash equilibrium

So, the other NE is (0.5U+0.5D, 0.5L+0.5R)

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