-Ben and Jennifer are trying to decide how to spend an evening. Ben would like to attend a ballet performance. Jennifer would like to go to a hockey game. While they could spend the evening apart, they would prefer to spend the evening together. Figure 3.5 summarizes the payoffs from alternative choices. 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. In this scenario, there are two Nash equilibriums: one where both choose to attend the ballet and one where both choose to go to the hockey game. This is because, in each case, neither Ben nor Jennifer would benefit by unilaterally changing their decision, assuming they prefer to spend the evening together rather than apart.

-Ben and Jennifer Are Trying to Decide How to Spend