1. Consider the following normal-form game: Player 2 Left Right 30,20 10,10 Up Down 10,30 20,20 Player 1 How many pure-strategy Nash Equilibria are there in this game? (a) 0 (b) 1 (c) 2 (d) 3 (e) 4 (f) None of the above Answer: 1b. The only Nash Equilirbium is (Up,Left).

1. Consider the following normal-form game: Player 2 Left Right 30,20 10,10 Up Down 10,30 20,20 Player 1 How many pure-strategy Nash Equilibria are there in this game? (a) 0 (b) 1 (c) 2 (d) 3 (e) 4 (f) None of the above Answer: 1b. The only Nash Equilirbium is (Up,Left).

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter8: Game Theory

Section: Chapter Questions

Problem 8.1P

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Question

1. Consider the following normal-form game:
Player 2
Left Right
30,20 10,10
10,30 20,20
Player 1
How many pure-strategy Nash Equilibria are there in this game?
(a) 0
(b) 1
Up
Down
(c) 2
(d) 3
(e) 4
(f) None of the above
Answer: 1b. The only Nash Equilirbium is (Up,Left).

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