Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoffs each person will earn as a function of both of their choices. Forexample, the lower-right cell shows that if Antonio chooses Right Caroline chooses Right, Antonio will receive a payoff of 5 and Caroline will receive a payoff of 5.
The only dominant strategy in this game is for ... to choose ...
The outcome reflecting the unique Nash equilibrium in this game is as follows : Antonio chooses ... and Caroline chooses ...
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Home » Business » Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoffs each person will earn as a function of both of their choices.