Table 17-12.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).

-Refer to Table 17-12.Which outcome is the Nash equilibrium in this game?

Question

Table 17-12.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).
 
-Refer to Table 17-12.Which outcome is the Nash equilibrium in this game?

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 either player changes their strategy, their payoff will decrease.