Find the equilibrium for this game is there dominant

Reference no: EM13388327

	Tom (Swerves)	Tom (Drives Straight)

Bryan (Swerves)	0,0	-1,+1

Bryan (Drives Straight)	+1,-1	-10,-10

Consider two drivers, Bryan and Tom, both are headed for a single lane bridge from opposite directions, each player has to options, first to Swerve and yield the bridge to the other player, second to continue to Drive Straight.

The following table shows the possible outcomes for each decision combination. The numbers in each cell represent the players outcomes (+1= best outcome, -10 = worst outcome)

What is the equilibrium for this game? Is there a dominant Strategy for this game? Is the equilibrium a Nash Equilibrium? Define Pareto Optimality, is the equilibrium Pareto Optimal?

Reference no: EM13388327

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