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April 1, 2015

Homework Help: economics (game theory)

Posted by jo on Sunday, October 17, 2010 at 6:41am.

For anyone with experience working with game theories...

1.) Two animals are fighting over some prey. Each can be passive or aggressive. Each prefers to be aggressive if its opponent is passive, and passive if its opponent is aggressive; given its own stance, it prefers the outcome in which its opponent is passive to that in which its opponent is aggressive. Formulate this situation as a strategic game and find its Nash Equilibrium? How should i go about doing this?

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