Explain payoff doninant and risk dominant

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Reference no: EM131445702

Question: In the following games solved earlier, determine which, if any, Nash equilibrium is payoff dominant, risk dominant, and Pareto-optimal.
(a) The Game of Chicken

Reference no: EM131445702

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Explain payoff doninant and risk dominant : n the following games solved earlier, determine which, if any, Nash equilibrium is payoff dominant, risk dominant, and Pareto-optimal. (a) The Game of Chicken.

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