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Author Question: Nash equilibrium is: a. where one player maximizes his payoff and the other doesn't b. where each ... (Read 51 times)

kodithompson

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on: Jul 1, 2018
Nash equilibrium is:
 a. where one player maximizes his payoff and the other doesn't
  b. where each player maximizes the expected payoff
  c. similar to a dominant strategy
  d. difficult to determine

Question 2

The difference between a Nash equilibrium strategy and a dominant strategy is:
 a. nothing; they are synonymous.
  b. the former is stable but the latter is unstable.
  c. the former must be a best response to all others' strategy profiles, whereas the latter need only be a best response to others' Nash equilibrium strategies.
  d. the former need only be a best response to others' Nash equilibrium strategies, whereas the latter must be a best response to all others' strategy profiles.


joewallace

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


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