Solving for dominant strategies and the Nash equilibrium Suppose Felix and Janet

Question

Solving for dominant strategies and the Nash equilibrium Suppose Felix and Janet are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Felix chooses Right and Janet chooses Right, Felix will receive a payoff of 5 and Janet will receive a payoff of 3. The only dominant strategy in this game is for choose. The outcome reflecting the unique Nash equilibrium in this game is as follows: Felix chooses and Janet chooses.

Explanation / Answer

1. Janet , Left

2. Right , Left

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