Finding Equilibrium in Game Theory, Game Theory

This is Case of Competitive Games.

Player 2
Player 1 L (60,40) (70,30)
R (65,35) (60,40)

Are either have dominant strategy? Which?
Is Solve for nash equilibrium.
Is there any other equilibrium? What is it called?
Posted Date: 11/19/2012 3:45:56 PM | Location : Germany

Related Discussions:- Finding Equilibrium in Game Theory, Assignment Help, Ask Question on Finding Equilibrium in Game Theory, Get Answer, Expert's Help, Finding Equilibrium in Game Theory Discussions

Write discussion on Finding Equilibrium in Game Theory
Your posts are moderated
Related Questions
Two people are involved in a dispute. Person 1 does not know whether person 2 is strong or weak; she assigns probability to person 2 being strong. Person 2 is fully informed. Each

A heuristic is an aid to learning, casually brought up as a rule of thumb. Formally, a heuristic may be a mechanism capable of altering its internal model of the surroundings in re

A uniform worth auction may be a multiunit auction during which each winning bidder pays identical worth, which can or might not be equal to the participants' bids. Alternatively,

In a positive add game, the combined payoffs of all players aren't identical in each outcome of the sport. This differs from constant add (or zero add) games during which all outco

For the section on dynamic games of competition, you can begin by asking if anyone in the class has played competi- tive tennis (club or collegiate or better); there is usually one

(a) Equilibrium payoffs are (1, 0). Player A’s equilibrium strategy is S; B’s equilibrium strategy is “t if N.”   For (a): Player A has two strategies: (1) N or (2) S. P

A practice analogous to price fixing in which auction members form a ring whose associates agree not to bid against each other, either by discarding the auction or by placing phony

A non-credible threat may be a threat created by a player in a very Sequential Game which might not be within the best interest for the player to hold out. The hope is that the thr