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Unformatted text preview: (b) Find Pareto efcient outcomes. (c) Find the Nash equilibria. 2. (Coordination game) Consider the following game in normal form. l r U (3,2) (-1,1) D (0,-2) (1,4) (a) Find the pure and mixed strategy Nash equilibrium. (b) Compute the expected payoff of each player. (c) Is the mixed strategy Nash equilibrium Pareto efcient? (Compare all pure strategies and mixed strategy Nash equilibrium.) 1...
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This note was uploaded on 02/06/2012 for the course ECON 101 taught by Professor Buddin during the Spring '08 term at UCLA.
- Spring '08