-Brad and Angelina are trying to decide how to spend an evening. Brad would prefer to spend an evening at the opera. Angelina would spend the evening attending a professional wrestling match. They could, of course, go their separate ways, but would rather spend the evening together. Figure 3.4 summarizes the payoffs from alternative strategy profiles. This game has _____ Nash equilibrium strategy profiles.

Question

Quizplus · Accepted Answer

A Nash equilibrium occurs when each player's strategy is optimal given the other player's strategy. Without the specific payoff matrix, we typically look for outcomes where neither player benefits from unilaterally changing their strategy. Given the scenario, it's reasonable to infer there could be two Nash equilibria: one where both compromise on one activity or the other, or they find a mutually beneficial alternative. However, without the specific payoffs, the general understanding of such social coordination problems suggests multiple equilibria involving compromise or coordination on preferred activities.

-Brad and Angelina Are Trying to Decide How to Spend