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Consider the case where two players (Jeff and Joe) have to decide whether or not to join the Yellowstone to Yukon Conservation Initiative (Y2Y)1.

This question was answered on Nov 17, 2012. View the Answer
Consider the case where two players (Jeff and Joe) have to decide whether or not to join the Yellowstone to Yukon Conservation Initiative (Y2Y)1. Assume that when both players join the Y2Y conservation initiative they obtain a payoff equal to 45. However, when they do not join Joe’s (and Jeff) payoff is 40% the cooperative payoff. If Jeff joins but Joe does not, Jeff’s payoff is equal to 10 and Joe’s payoff is 15. Finally, if Jeff does not join the Y2Y and Joe does, Jeff’s payoff is 40% the cooperative payoff and Joe’s payoff is 12. Obtain the Nash equilibrium for the Normal and Extensive Form Game (assume that Joe is the first mover).
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Consider the case where two players (Jeff and Joe) have to decide whether or not to join the Yellowstone to Yukon Conservation Initiative (Y2Y)1. Assume that when both players join the Y2Y...

This question was asked on Nov 11, 2012 and answered on Nov 17, 2012.

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