Use the following table to answer the question : Table 14-4 : describes the payoffs to Jack and Jill when each chooses to produce rock,scissors,or paper.The payoff matrix indicates the dollar payments from the loser to the winner.

-Refer to Table 14-4.Assume for this question that "paper" is not allowed as a choice and identify the Nash equilibrium,if any.
A)(Rock,Rock)
B)(Scissors,Scissors)
C)(Rock,Scissors)
D)There is no Nash equilibrium.

Question

Use the following table to answer the question : Table 14-4 : describes the payoffs to Jack and Jill when each chooses to produce rock,scissors,or paper.The payoff matrix indicates the dollar payments from the loser to the winner.

-Refer to Table 14-4.Assume for this question that "paper" is not allowed as a choice and identify the Nash equilibrium,if any.

-Refer to Table 14-4.Assume for this question that "paper" is not allowed as a choice and identify the Nash equilibrium,if any.
A)(Rock,Rock) 
B)(Scissors,Scissors) 
C)(Rock,Scissors) 
D)There is no Nash equilibrium.

Quizplus · Accepted Answer

(Rock,Rock) is the Nash equilibrium because neither player can improve their payoff by unilaterally changing their strategy.

Use the Following Table to Answer the Question : Table