Find all the pure and mixed strategy nash equilibria

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Reference no: EM132988621

Part A

From your life experiences, think of a situation where you engaged in a strategic interaction where players made decisions simultaneously. You must address the following carefully in your written report. Please do not use examples utilised in class.

a. Describe the interaction, including details of the strategies that were available to you and your opponent. Generate a pay-off matrix to represent the interaction if it were to be played simultaneously. Comment on what type of game this strategic interaction (prisoners dilemma, coordination, etc.)?

b. Find all the pure and mixed strategy Nash Equilibria in the game.

c. Describe strategic moves you could have used to improve you're your pay-off in this game?

d. How did you play the game and what was the outcome? Given your analysis, would have played the game differently?

Reference no: EM132988621

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