About game theory-find three nash equilibria

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First find three Nash equilibria of the following normal form game one of the equilibria is a mixed strategy equilibrium.

L R

L 10; 10 1; 1

R 1; 1 8; 8

Then think about the following metaphor for life - as we make our way through life we have a series of random, pairwise encounters with other people that take the above form. Imagine a large population composed of people who always choose L and people who always choose R. Find the fitness functions for these two types. Plot them in a diagram. Use the diagram to find the evolutionary stable equilibrium or equilibriums. For each equilibrium, identify the associated basin of attraction.

This question is about Game theory

Reference no: EM131035977

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