1)Assume that my neighborhood Supercut honor the competitor's coupons. For simplicity, let's assume that it has only...
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Question:
1)Assume that my neighborhood Supercut honor the competitor's coupons. For simplicity, let's assume that it has only one competitor X. Both are going to decide if they are going to honor or not honor the competitor's coupon. Think about a normal game and decide what's is the Nash equilibrium? Is this game similiar to Prisioner dilemma game? Why or why not?
2) In prisioner dilemma game, let's assume that Hoss would throw a coin with probability 0.5 in order to chose to remain silent or confess. What is Cain going to chose? Think about the Nash Equilibrium and is this efficient? Explain
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