Answered: With what probability does player 1…

With what probability does player 1 play Down in the mixed strategy Nash equilibrium? (Input your answer as a decimal to the nearest hundredth, for example: 0.14, 0.56, or 0.87).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

With what probability does player 1 play Down in the mixed strategy Nash equilibrium? (Input your
answer as a decimal to the nearest hundredth, for example: 0.14, 0.56, or 0.87).
PLAYER 1
Up
Down
PLAYER 2
Left
97,95
47, 33
Right
8,43
68,91

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