problem set3 solution

No values of and can make this possible because when

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Unformatted text preview: of and can make this possible, because when Player 2 plays Left, Top is not a best response for Player 1. c) For what values of x and y is (Bottom, Left) a Nash equilibrium? Need and for this to be a NE. [Not required: If we want this to be the unique pure-strategy NE, we need either in addition to , or . For this to be the unique NE (pure or mixed), we need .] d) For what values of x and y is (Top, Right) a Nash equilibrium? Right is not a best response to Top. So this profile cannot be a NE. e) For what values of x and y is (Bottom, Right) a Nash equilibrium? Need need .] and . [Not required: For this to be the unique pure-strategy NE, we . For this to be the unique NE (pure or mixed), we need, additionally,...
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This homework help was uploaded on 03/17/2014 for the course ECON 302 taught by Professor Shihenlu during the Fall '13 term at Simon Fraser.

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