BIOCH498 Study Guide - Final Guide: Concentration Ratio, Strategic Dominance, Nash Equilibrium

• School: University of Alberta
• Department: Biochemistry
• Course: BIOCH498
• Professor: Brian Lanoil

Document Summary

Dominated the market with a few firms. I. e. consider 2 individuals, x and y. This is conclusive evidence that x and y are guilty of less serious crime. There exists weak evidence that x and y are involved in a more serious crime. The authorities wish to convict x and y on the more serious crime. Authorities separate x and y, offers a deal. We have enough evidence on you to send you to jail for 1 year. If you alone confess to the more serious crime and implicate your partner, you will get 3 months. If you both confess, each gets 15 years. For a player"s best choice, regardless of his/her opponent"s strategy. X and y both have a dominant strategy. Jane and jim vs. wwe and opera no dominant strategy. If jane watches opera, jim watches opera. If jane watches wwe, jim watches wwe.