What is the nash equilibrium and equilibrii

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Reference no: EM13981994

Create your own games. You will need to set it up one normal form for a one-shot simaltaneous game and one shot sequential move game. These should be seperate games - not the same parameters for both. You will need to prepare the set-up and full solution for me, and just a set up (i.e. provide the details needed to solve and create the normal form and extensive form) to be handed in. Both games should be presented to address the following questions:

Prepare the form of the game.

1. What is each players dominent strategy?

2. What is the Nash Equilibrium/Equilibrii?

3. What strategy will each player pick?

Your games need to be different than examples used in class, powerpoint, and/or textbook. Please limit to two players (dualopoly) and each player having a minimum of three strategies.

Reference no: EM13981994

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