Question

- Find out the Nash Equilibrium for the following game using best response. Explain how
are (a), (b), (c) and (d) games different from each other. (10 Marks)
(a) Bach or Stravinsky
Bach Stravinsky
Bach 2,1 0, 0
Stravinsky 0,0 1, 2
(e) Ann and Beth
Beth
b1 b2 b3
Ann
a1 1,3 2, 2 1,2
a2 2,3 2,3 2,1
a3 1,1 1,2 3,2
a4 1,2 3,1 2,3
(b) Coordination Game
A B
A 2,2 0, 0
B 0,0 2, 2
(c) Prisoner's Dilemma
Don't Confess Confess
Don't Confess 3, 3 0, 4
Confess 4, 0 1, 1
(d) Hawk-Dove
Dove Hawk
Dove 3, 3 1, 4
Hawk 4, 1 0, 0

Answer 1

Answer:

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