Scenario: To win candy bars, Tom and Sam are playing a game in which they are blindfolded and are asked to raise either their right hand or their left hand when a bell rings. The matrix below shows their payoffs in different situations. Payoff here denotes the number of candy bars they get. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.Which of the following strategy combinations denotes a Nash equilibrium?

Question

Scenario: To win candy bars, Tom and Sam are playing a game in which they are blindfolded and are asked to raise either their right hand or their left hand when a bell rings. The matrix below shows their payoffs in different situations. Payoff here denotes the number of candy bars they get. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.Which of the following strategy combinations denotes a Nash equilibrium?

Quizplus · Accepted Answer

(Left, Left) is a Nash equilibrium because neither player can improve their payoff by unilaterally changing their strategy.

Scenario: to Win Candy Bars, Tom and Sam Are Playing