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Business, 30.04.2021 01:00 feliciagraham14
Solving for dominant strategies and the Nash equilibrium
*Suppose Sean and Yvette are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows
the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Sean chooses Right and Yvette
chooses Right, Sean will receive a payoff of 9 and Yvette will receive a payoff of 8.
Yvette
Left (8,5 3,6)
Right (8,7 9,8)
Sean
Left (8,5 8,7)
Right (3,6 9,8)
The only dominant strategy in this game is for Sean or Yvette ? to choose left or right?
The outcome reflecting the unique Nash equilibrium in this game is as follows: Sean chooses Left or Right ? And Yvette chooses Left or Right?
![ansver](/tpl/images/cats/User.png)
Answers: 3
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Solving for dominant strategies and the Nash equilibrium
*Suppose Sean and Yvette are playing a ga...
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