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Business, 21.09.2020 05:01 michealbanks3

Two animals are fighting over some prey. Each can choose one of two stances: passive or aggressive. Moreover,

a. Each prefers to be aggressive if its opponent is passive, and prefers to be passive if its opponent is aggressive;
b. Given its own choice, each animal prefers the outcome when its opponent is passive to the outcome in which its opponent is aggressive.

Choose your own payoff numbers to formulate the interaction as a matrix game and find its Nash equilibria.

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