Suppose (completely hypothetical) I am teaching a class and the final exam comes and goes with two students missing the (in-class) exam. After it is over, the two students come to me with a story that they were returning to campus and the car they were in got a flat tire, so they were late. Out of immense generosity I allow them to take the final. I put them in separate rooms and distribute the final exam. The exam is the same for both students and consists of 1 question: Which tire went flat? If their answers are identical then they each receive 100 points, but if their answers differ they then receive 0 points each. Draw out the payoff matrix of this game and define all NE.

Suppose (completely hypothetical) I am teaching a class and the final exam comes and goes with two students missing the (in-class) exam. After it is over, the two students come to me with a story that they were returning to campus and the car they were in got a flat tire, so they were late. Out of immense generosity I allow them to take the final. I put them in separate rooms and distribute the final exam. The exam is the same for both students and consists of 1 question: Which tire went flat? If their answers are identical then they each receive 100 points, but if their answers differ they then receive 0 points each. Draw out the payoff matrix of this game and define all NE.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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