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December 19, 2014

Homework Help: managerial economics mathQ6

Posted by jenny on Sunday, September 7, 2008 at 11:12pm.

A and B are playing a simultaneous moves game. A can choose either High or Low and B can choose either Near or Far. If A chooses High and B chooses Near, A receives 5 and B receives 5. If A chooses High and B chooses Far A receives 3 and B receives 7. If A chooses Low and B chooses Near A receives 7 and B receives 3. If A chooses Low and B chooses Far, both receive 2.

(a) Write out a table representing each playerˇ¦s strategies and payoffs.
(c)What is/are the Nash equilibrium of this game?

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