Which of the following pair of strategies constitute a Nash equilibrium of the game?
A)S1, t1.
B)S1, t2.
C)S2, t1.
D)S1, t2 and S2, t1.

Question

Quizplus · Accepted Answer

A Nash equilibrium is a situation in which both players choose their best possible strategy given the other player's choice. In this case, S1 is the best response to t2 and S2 is the best response to t1. Therefore, the combination of S1 and t2 and the combination of S2 and t1 constitute Nash equilibria. Both players have no incentive to deviate from their current strategy because they cannot improve their payoff without the other player changing their strategy.

Which of the Following Pair of Strategies Constitute a Nash