Nash equilibrium, Microeconomics

Think of the Golden Ball game. Now player 1 is money-minded and jealous, and player 2 is very good-hearted, so the payoff matrix is follows:

                               Player 2

SP                    ST

Player 1           SP                    5, 5                  -2, -1

                       ST                    10, -1               0, -1

a. Solve for all the mixed Nash equilibrium if any.

b. Among the four outcomes here, which outcome(s) are Pareto optimal (in the sense that you cannot find another outcome that makes no player worse off but some player better-off)?

Posted Date: 3/18/2013 3:34:39 AM | Location : United States

Related Discussions:- Nash equilibrium, Assignment Help, Ask Question on Nash equilibrium, Get Answer, Expert's Help, Nash equilibrium Discussions

Write discussion on Nash equilibrium
Your posts are moderated
Related Questions
Introduction for a natural monopoly assignment

Law of conservation of mass was proposed by Lavoisier & verified by Landolt. According to Law of conservation of mass law Matter is neither created nor destroyed in the course of c

Limitations of the Services Sector: The services sector in India, as at present, suffers from low productivity and low quality in spite of fairly large investment in technolog

You are the CEO of Comchip, a firm that sells specialized computers. Each of the firm's computers contain a unique chip that is produced at Comchip's west coast plant at a cost of

If the MU of the 1st unit consumed = 75 utils, and the TU of consuming 2 units is 130 utils, what is the marginal utility of the second unit?

in the context of managerial economics how do you explain a rational producer.illustrate giving example.

Determine the value of the marginal product of labor. Equilibrium in the Labor Market Each firm will hire labor up to the point at that the value of the marginal product of

can you help me answer an economics question

"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.