-Consider the game depicted in Figure 13.3, which summarizes the payoffs fromalternative strategy profiles from state of nature X. The Nash equilibrium strategy profile is:
A) {A1, B2}.
B) {A2, B3}.
C) {A3, B3}.
D) {A3, B1}.
E) {A2, B1}.

Question

-Consider the game depicted in Figure 13.3, which summarizes the payoffs fromalternative strategy profiles from state of nature X. The Nash equilibrium strategy profile is:
A) {A1, B2}. 
B) {A2, B3}. 
C) {A3, B3}. 
D) {A3, B1}. 
E) {A2, B1}.

Quizplus · Accepted Answer

In a Nash equilibrium, each player's strategy is the best response to the other player's strategy. For {A3, B3}, neither player can unilaterally change their strategy to get a better payoff, making it the Nash equilibrium.

-Consider the Game Depicted in Figure 13