-Consider the one-time Nash bargaining game depicted in Figure 12.2 in which Gog and Magog are bargaining over the distribution of $100. Bids must be in increments of $50. In this game, the sum of the players' bids cannot exceed $100. If the sum of the bids are less than $100, each bidder receives his bid, and the rest is forfeited to the Exchequer. If the sum of the bids exceeds $100, the bidders receive nothing, and $100 is forfeited to the Exchequer. How many possible Nash equilibria are there for this game?
A) 0
B) 1
C) 2
D) 3
E) 4

Question

-Consider the one-time Nash bargaining game depicted in Figure 12.2 in which Gog and Magog are bargaining over the distribution of $100. Bids must be in increments of $50. In this game, the sum of the players' bids cannot exceed $100. If the sum of the bids are less than $100, each bidder receives his bid, and the rest is forfeited to the Exchequer. If the sum of the bids exceeds $100, the bidders receive nothing, and $100 is forfeited to the Exchequer. How many possible Nash equilibria are there for this game?
A) 0 
B) 1 
C) 2 
D) 3 
E) 4

Quizplus · Accepted Answer

The Answer of 
-Consider the one-time Nash bargaining game depicted in Figure 12.2 in which Gog and Magog are bargaining over the distribution of $100. Bids must be in increments of $50. In this game, the sum of the players' bids cannot exceed $100. If the sum of the bids are less than $100, each bidder receives his bid, and the rest is forfeited to the Exchequer. If the sum of the bids exceeds $100, the bidders receive nothing, and $100 is forfeited to the Exchequer. How many possible Nash equilibria are there for this game?
A) 0 
B) 1 
C) 2 
D) 3 
E) 4

-Consider the One-Time Nash Bargaining Game Depicted in Figure 12