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What are the nash equilibria

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Reference no: EM131614098

Que.

In the battle of the sexes game, the husband likes to go to the mountains on vacations, and the wife prefers the ocean, but they both prefer to take their vacations together.

 

           Wife

                                             Husband

 

         Mountains

            Beach

       Mountains

         (2, 1)

           (-1, -1)

          Beach

        (-1, -1)

            (1, 2)

What are the Nash equilibria? Discuss whether this game and equilibrium concept make sense for analyzing a couple's decisions. How might you change the game's rules so that it makes more sense?

Reference no: EM131614098

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