54 609
Assignments Done
98,2%
Successfully Done
In November 2017
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for Halime

Question #6071
Anne and Per like talking to each other. There are N bars in their home town.
On Friday, Per and Anne simultaneously (but independently) decide which
bar to go to. If they happen to meet in the same bar, they both get a utility of 1.
If they do not meet, the utility is 0 for each of them.

Assume N = 2.

Write this game in normal form (matrix) and find all pure-strategy Nash
equilibria?
Expert's answer
Normal form:
[table] Anne Bar 1Bar 2PerBat 1(1; 1)(0; 0)Bar 2(0; 0)(1; 1)[/table]
We have two points of Nash equilibrium – (1;1) and (1;1), from which any player could move to improve his
situation.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question