In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second.
-In Game 6 above,
A)the Nash equilibrium maximizes the total payoff.
B)the Nash equilibrium does not maximize the total payoff.
C)there is no Nash equilibrium.
D)neither player has a dominant strategy.

Question

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. 
-In Game 6 above,
A)the Nash equilibrium maximizes the total payoff. 
B)the Nash equilibrium does not maximize the total payoff. 
C)there is no Nash equilibrium. 
D)neither player has a dominant strategy.

Quizplus · Accepted Answer

The Nash equilibrium occurs when both players choose their dominant strategy, which in this game is Player 1 choosing A and Player 2 choosing B. However, in this equilibrium, the total payoff is 4, which is not the maximum possible payoff (6). Therefore, the Nash equilibrium does not maximize the total payoff.

In the Following Games, All Payoffs Are Listed with the Row