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Economic Game Theory. Struggling with a question

Economic Game Theory. Struggling with a question

Hi all, I've got an exam on Monday, and I'm struggling with game theory.

Could somebody point me towards how to find the answer to this question, or show me the steps involved with solving it?

I understand what a Nash and mixed strategy equilibrium are, but am struggling to use this mathematically.

*EDIT* I contacted my professor, who told me the answer is that there is no Nash equilibrium. Wish I had stuck with that initial conclusion an hour ago.

Screenshot 2023-01-14 at 22.10.50.png

Thank you!

(edited 1 year ago)

Reply 1

May45

Hey have you tried YouTube videos. I studied this and searched YouTube for a similar question to the one I was doing. Unfortunately I’ve forgotten how to do it so can’t actually help you myself lol

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