Finding Equilibrium in Game Theory, Game Theory

This is Case of Competitive Games.

Player 2
L R
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
please compute this number 885 for the swertres lotto game.


Consider two identical firms, for each firm, the total cost of producing q units of output is C(q)=0.5q^2. The price is determined as P(q1,q2)- a-q1-q2. Estimate Cournots outcome;

In Bontemps, Louisiana there are only two places to spend time: Merlotte's bar and Fangtasia. Sookie and Eric have made plans to spend Friday night together, but they never decided

You and an opponent are seated at a table, and on the table is a square board. At each of the four corners of the board, there is a disc, each one red on one side and black on the

Computer Game Zenda This game was invented by James Andreoni and Hal Varian; see their article, "Pre-Play Contracting in the Prisoners 'Dilemma".The paper also contains some co

The interaction among rational, mutually aware players, where the choices of some players impacts the payoffs of others. A game is described by its players, every player's methods,

An outcome of a game is Pareto dominated if another outcome would build a minimum of one player at an advantage while not hurting the other player. That is, another outcome is weak

Equilibrium payoffs a) The reward system changes payoffs for Player A, but does not change the equilibrium strategies in the game. Player A still takes the money at the fir