The following figure depicts four simultaneous-move games. The first element of each payoff cell is the payoff to Player A. The other element is the payoff to Player B.

-Refer to the figure above.In which one of these simultaneous-play games are there two Nash equilibria?
A) (1)
B) (2)
C) (3)
D) (4)

Question

The following figure depicts four simultaneous-move games. The first element of each payoff cell is the payoff to Player A. The other element is the payoff to Player B.
 
-Refer to the figure above.In which one of these simultaneous-play games are there two Nash equilibria?
A) (1) 
B) (2) 
C) (3) 
D) (4)

Quizplus · Accepted Answer

Game (3) has two Nash equilibria, which occur when both players choose strategies that are best responses to each other, resulting in two stable outcomes.

The Following Figure Depicts Four Simultaneous-Move Games