What are the nash equilibria

Reference no: EM133269773

Assignment:

Bob, Umut, and Thayer each must decide whether or not to attend a faculty meeting. At least two faculty members must show up in order for the meeting to happen (if 1 or 0 people show up, the meeting doesn't count). If there is a successful faculty meeting, each person gets 10 regardless of who showed up. Showing up at the meeting costs a person 5 points. What are the Nash equilibria?

Give answer in brief explanation.

Reference no: EM133269773

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