CHNS3601 Chapter Notes - Chapter 8: Barometer
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3 Oct 2019
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Your Rival | |||
Advertise | Do not Advertise | ||
You | Advertise | (5,5) | (10,3) |
Do not Advertise | (1,3) | (2,4) |
The matrix above represents a one-shot game. Your payoff is the first number in the parentheses. Your rival's payoff is the second number.
1. Your dominant strategy is to:
a. advertise. b. don't advertise. c. you don't have a dominant strategy. d. none of the above.
2. The Nash equilibrium is:
a. (1,3) b. (2,4) c. (5,5) d. None of the above.
3. Your rival's dominant strategy is to:
a. advertise. b. don't advertise. c. both a and b. d. None of the above.