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Player 2 Rock Paper Scissors Player 1 Rock 0, 0 -1, 1 1, -1 Paper 1, -1 0, 0 -1,

ID: 1195472 • Letter: P

Question

Player 2

                                                                        Rock    Paper   Scissors

Player 1           Rock                0, 0    -1, 1        1, -1

                                                Paper               1, -1   0, 0       -1, 1

                                                Scissors           -1, 1    1, -1       0, 0

Based on the above information we conclude that

a.         the Nash equilibrium payoff would be (0, 0).

b.         the Nash equilibrium payoff would be (1, -1).

c.         the Nash equilibrium payoff would be (-1, 1).

d.         there is no Nash equilibrium.

Explanation / Answer

d.         there is no Nash equilibrium.