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What seems to be the nash equilibrium

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Reference no: EM133005981

Think of a real-life situation in which you have noticed a prisoner's dilemma game. It could be at work, home, the classroom, local business, etc.

Problem 1. What is the situation, or "game"?

Problem 2. Who are the 2 players?

Problem 3. What are the 2 strategies?

Problem 4. What seems to be the Nash equilibrium?

Problem 5. Can you think of some way that an incentive could be changed in order to arrive at better payoffs?

Reference no: EM133005981

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