Table 16-11

-Refer to Table 16-11.This table shows a game played between two players,A and B.The payoffs in the table are shown as (Payoff to A,Payoff to B).Which outcome is the Nash equilibrium in this game?
A)Up-Right
B)Up-Left
C)Down-Right
D)Down-Left

Question

Table 16-11
 
-Refer to Table 16-11.This table shows a game played between two players,A and B.The payoffs in the table are shown as (Payoff to A,Payoff to B).Which outcome is the Nash equilibrium in this game?
A)Up-Right 
B)Up-Left 
C)Down-Right 
D)Down-Left

Quizplus · Accepted Answer

The Nash equilibrium is the outcome where neither player can improve their payoff by changing their strategy, given the strategy of the other player. In this game, the Nash equilibrium is Up-Right, because if A plays Up, B's best response is to play Right, and if B plays Right, A's best response is to play Up.

Table 16-11 -Refer to Table 16-11.This Table Shows a Game Played Between