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Q1) Some games of strategy are cooperative. One ex is deciding which side of road to drive on. It does not matter which side it is, as long as everyone selects same side. Otherwise, everyone may get hurt.



DRIVER 2



LEFT
RIGHT
DRIVER 1
LEFT
0, 0
-1000, -1000

RIGHT
-1000, 1000
0, 0

a. Does either player have dominant strategy?

b. Is there a Nash equilibrium in this game? Describe.

c. Why is this called cooperative game?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M922942

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