Questions - For questions 1-3, determine if the games are an example of a Prisoner's Dilemma and why:
1. Find the Nash Equilibrium/a in the game below. Citizen's and Santander banks are choosing to keep their interest rate high, or lower it. The payoffs are economic profit for each bank.
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Santander
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Maintain Rate
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Cut Rate
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Citizen's
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Maintain Rate
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($50, $50)
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($20, $70)
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Cut Rate
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($70, $20)
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($30, $30)
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2. Find the Nash Equilibrium/a in the game below. You and your roommate are fighting over who's turn it is to do the dishes. The payoffs are in utility units.
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Roommate
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Leave
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Clean
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You
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Leave
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(2, 40)
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(200, 38)
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Clean
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(-20, 42)
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(101, 41)
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3. Find the Nash Equilibrium / a in the generic game below.
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C
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D
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E
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F
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A
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(25, 15)
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(4, 20)
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(16, 14)
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(28, 12)
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B
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(10, 10)
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(5, 15)
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(8, 6)
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(18, 13)
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