Anil and Bala have the choice of using either Integrated Pest Control (IPC) or Teminator (T) to solve the problem of pest insects. The table below shows their payoffs depending on their choice. What would the nash equilibria for this game (if any)? What outcome would be preferred by so ciety? Explain.

a. b. Each firm has four alternative strategies, and a certain profit/payoff is associated with each strategy. The numbers in the payoff matrix denote firm A's profit (in thousands of dollars). The total amount of profit that can be earned by the two firms together is $20000. (This is called a "constant sum game.") Firm B's profit is therefore $20000 minus firm A's profit. What strategies will the two firms select? Is the game strictly determined? If so, how much does each firm gain? B's strategies A's strategies ↓ Increase Advertising Decrease Price Increase Price Alter Product Increase Advertising 0 11 8 11 Decrease Price 8 10 6 2 Increase Price 7 12 15 Alter Product 4 15 3 12 Suppose now that due to a change in consumer preferences, firm A's "Increase Price" strategy pays off better than before when firm B elects to "Decrease Price," that is, the payoff rises from 6 to 14. What strategies will the two firms now select? Is the game strictly determined? If so, how much does each firm…

Jane is interested in buying a car from a used car dealer. Her maximum willingness to pay for thecar is 12 ($12,000). Bo, the dealer, is willing to sell the car as long as he receives at least 9($9,000). What is the Nash bargaining solution to this game?

See the extensive form game in the image attached (the payoffs of player 1 are written on top and the payoffs of player 2 are on the bottom).  a) Write this game in normal form (a player's strategy is a complete contingent plan that tells them what to play at each of their information sets) (b) Find all the Nash equilibria of the normal form game from part (a)

Hello, please help me to solve this Game Theory question. Thanks in advance! Hobby hunter Jack decides what to do the next weekend. He can either stay at home and watch movies (Movies), or call his friend Katherine to go hunting (Hunt). If he stays in, both Jack and Katherine get a payoff of 2. If he decides to hunt, he knows the situation with his friend will resemble a classic stag hunt game with simultaneous moves: Hunting a stag is better than hunting a rabbit, but it only works if they cooperate. The hunting subgame is captured as:     Katherine       Stag Rabbit Jack Stag 3 , 3 0 , 1   Rabbit 1 , 0 1 , 1 Draw the entire game as an extensive form (game tree), capturing both Jack’s initial decision (M or H) and the subsequent hunting game. Make sure to correctly label all players, actions, and information sets.

Write the game below in normal form and find all Nash equilibria. C 2. Write the game below in normal form and find all Nash equilibria. जल P = 1/1535 Nature ताल P = 1/3 P1 A (3,6) P1 B P2 B C2 P2 Pz Pz (0,3) ✓ (9,0) (3,3) ✓ (0, 6) (-3,3) ✓ (9,6) Х (3,0) (-3, 12)