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Business, 18.03.2021 01:20 fallenangelsayshush

Solving for dominant strategies and the Nash equilibrium Suppose Darnell and Eleanor are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Darnell chooses Right and Eleanor chooses Right, Darnell will receive a payoff of 5 and Eleanor will receive a payoff of 1. Eleanor Left Right
Left 6,6 6,3
Darnell Right 4,3 5,5
The only dominant strategy in this game is for to choose.
The outcome reflecting the unique Nash equilibrium in this game is as follows: Darnell chooses and Eleanor chooses.

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Solving for dominant strategies and the Nash equilibrium Suppose Darnell and Eleanor are playing a g...
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