Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince

تمرين 4

Use the following payoff matrix to answer the following questions.

Suppose this is a one-shot game:
a. Determine the dominant strategy for each player. If such strategies do not exist, explain why not.
b. Determine the secure strategy for each player. If such strategies do not exist, explain why not.
c. Determine the Nash equilibrium of this game. If such an equilibrium does not exist, explain why not.