Question:
Which of the following statements is CORRECT for Game A and Game B?
Game A: Mary wants to watch a movie and John is interested in watching a football match. Both wish to be together. The payoff matrix is:
Game B: The Prisoner's dilemma problem is shown below:
Which of the following statements is CORRECT for Game A and Game B?
| Game A: Mary wants to watch a movie and John is interested in watching a football match. Both wish to be together. The payoff matrix is: | Game B: The Prisoner's dilemma problem is shown below: |
Updated On: Oct 1, 2024
- In Game A. (Movic, Football) and (Football, Movie) represent Nash equilibrium. In Game B, (Do not confess, Do not confess) is the Nash Equilibrium.
- In Game B, (Confess, Confess) is not a Nash equilibrium but in Game A, both (Movie, Football) and (Football, Movie) represent Nash equilibrium.
- In Game B, the Nash equilibrium is (Do not confess, Do not confess).
- In Game A, both (Movic, Movie) and (Football, Football) represent Nash equilibrium. In Game B, the Nash equilibrium is (Confess, Confess).
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The Correct Option is D
Solution and Explanation
The correct option is (D): In Game A, both (Movic, Movie) and (Football, Football) represent Nash equilibrium. In Game B, the Nash equilibrium is (Confess, Confess).
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