View the step-by-step solution to:


Each of three players is deciding between the pure strategies go and stop. The payoff to go is 120/m where m is

the number of players that choose go, and the payoff to stop is 55 (which is received regardless of what the other players do). Find all Nash equilibria in mixed strategies.

If each player chooses go. Let q denote go and 1-q denote stop

(1-q) ^2* 120 + 2* q* (1-q) * 60 + q^2* 40 = 55


q= .71

How do we solve the equation to get to q=.71

Top Answer

We get the equation : 4 0 q 2 1 2 0 q + 6 5 = 0 This is a quadratic equation in q The possible roots of... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question