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(Solved): 3. (a) The following table illustrates the money payoffs associated with a twoperson simultaneous-p ...
3. (a) The following table illustrates the money payoffs associated with a twoperson simultaneous-play game. Find the Nash equilibrium in mixed strategies for this game and the players' expected payoffs in this equilibrium. EXERCISES 259 (b) The two players jointly get most money when Row plays Down. However, in the equilibrium, Row does not always play Down. Why not? Can you think of ways in which a more cooperative outcome can be sustained?