ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Consider the following extensive form game. How many Nash Equilibria this game has?
(100,200)
(100,300)
NATURE (all choices have an equal
probability of 1/6)
(300,100)
(300,200)
T P
T
100
100
200
200
200
300
100
300
300
100
300
200
2
Y
N
Y
NY
N
Y
N
N
Y
N
7
8
6
5
200
100
300
100 100 200 300 200
100
300
200
300
100
200
100
300 200 100 200 300
300
100
300
200
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Transcribed Image Text:Consider the following extensive form game. How many Nash Equilibria this game has? (100,200) (100,300) NATURE (all choices have an equal probability of 1/6) (300,100) (300,200) T P T 100 100 200 200 200 300 100 300 300 100 300 200 2 Y N Y NY N Y N N Y N 7 8 6 5 200 100 300 100 100 200 300 200 100 300 200 300 100 200 100 300 200 100 200 300 300 100 300 200
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