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Unformatted text preview: opponent is aggressive. Given its own stance, it prefers the outcome in which its opponent is passive to that in which its opponent is aggressive. This situation is called the HawkDove game. Draw the game bimatrix and find the Nash equilibria. 4. In the following game, find the Nash equilibria. For each Nash equilibrium, state whether it is Pareto efficient or inefficient. If the equilibrium is Pareto inefficient, give a strategy profile that is a Pareto improvement. Player 2 L1 L2 R1 R2 Player 1 T1 1 , 1 7 , 8 12 , 1 5 , 2 T2 5 , 5 2 , 6 10 , 9 6 , 11 B1 3 , 2 2 , 8 12 , 9 0 , 12 B2 4 , 12 7 , 11 14 , 2 3 , 4 5. Dixit & Skeath, Chapter 4, problem 10....
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This note was uploaded on 03/13/2009 for the course ECON 398 taught by Professor Emre during the Spring '07 term at University of Michigan.
 Spring '07
 Emre

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