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Nancy and Denise Are Trying to Decide Whether to Go

Question 167

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Nancy and Denise are trying to decide whether to go hiking or biking this weekend. Depending on their choices, they might go together and they might go apart. Their payoffs in terms of their happiness are as follows. Nancy and Denise are trying to decide whether to go hiking or biking this weekend. Depending on their choices, they might go together and they might go apart. Their payoffs in terms of their happiness are as follows.    a. What are the pure-strategy Nash equilibria if any? b. What is the mixed-strategy Nash equilibrium?
a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?

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a. By the check method: blured image There are two p...

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