Please look at the payoff matrix below which shows the benefits that would accru
ID: 1211832 • Letter: P
Question
Please look at the payoff matrix below which shows the benefits that would accrue to each player in a 2-player, non-sequential, non-repeated game. a) identify the collusive (cooperative equilibrium) b) identify the secure strategy (maximin) equilibrium d) identify the Nash equilibrium
Player 2
Strategy A Strategy B
Strategy C 40, 40 30, 20
Player 1
Strategy D 50, 90 70, 80
Explanation / Answer
ANSWER IS
a. Recognize the tricky (agreeable) harmony
deceitful (agreeable) harmony is Where Player 1 and 2 plays methodology (Strategy D , Strategy B )
A here both acquire than when they didn't co-work
. b. Recognize player 1's safe (maximin) system
player 1's safe (maximin) system is Strategy C
as it is amplifying his base Payoff
c. Distinguish player 2's maximax system
player 2's maximax system is Strategy A,
as it is amplifying his most extreme Payoff
d. Distinguish the Nash harmony
Nash Equlibrium is = (Strategy C , Strategy A) , i.e Player 1 playing Strategy C and player 2 playing system A.
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