Question

Question 3 Consider the example given in class
describing the scenario where Player 2 would like
to guess 1 higher than the guess of Player 1, and
Player 1 would like to guess 1/2 of that of Player
2. Instead, suppose that both players would like to
guess 1/3 of the average of their opponent.
1. Graph the b est resp onse functions for each
player on the same graph.
2. Solve for, and lo cate graphically, the Nash
equilibrium in this game​

Answer 1

Answer:

2

Explanation:

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