Find the nash equilibrium

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Reference no: EM1372606

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000. If both players choose strategy Y, each earns a payoff of $200. If Ben chooses strategy X and Diana chooses strategy Y, then Ben earns $0 and Diana earns $130. If Ben chooses strategy Y and Diana chooses strategy X, then Ben earns $130 and Diana earns $0.

a. Write the above game in matrix (normal) form.
b. Find each player's dominant strategy, if it exists.
c. Find the Nash equilibrium (or equilibria) of this game.

Reference no: EM1372606

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