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Questions - For questions 1-3, determine if the games are an example of a Prisoner's Dilemma and why:
1. Find the Nash Equilibrium/a in the game below. Citizen's and Santander banks are choosing to keep their interest rate high, or lower it. The payoffs are economic profit for each bank.
Santander
Maintain Rate
Cut Rate
Citizen's
($50, $50)
($20, $70)
($70, $20)
($30, $30)
2. Find the Nash Equilibrium/a in the game below. You and your roommate are fighting over who's turn it is to do the dishes. The payoffs are in utility units.
Roommate
Leave
Clean
You
(2, 40)
(200, 38)
(-20, 42)
(101, 41)
3. Find the Nash Equilibrium / a in the generic game below.
C
D
E
F
A
(25, 15)
(4, 20)
(16, 14)
(28, 12)
B
(10, 10)
(5, 15)
(8, 6)
(18, 13)
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