Suppose on a committee of three people Kim (the chair) , Chris, and Terry each have one vote, but Kim breaks any tie. In attempting to elect someone to drive the van, each person has a priority list: Which of the following are Nash equilibria?
I: Every person votes for his/her first choice.
II: Kim and Chris vote for Chris; Terry votes for Terry.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
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