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2. Consider the following game: COLIN Yes No Yes X, X 0, 1 ROWENA No 1, 0 1, 1 (a) For what values of x
2. Consider the following game: COLIN Yes No Yes X, X 0, 1 ROWENA No 1, 0 1, 1 (a) For what values of x does this game have a unique Nash equilibrium? What is that equilibrium? (b) For what values of x does this game have a mixed-strategy Nash equilibrium? With what probability, expressed in terms of x, does each player play Yes in this mixed-strategy equilibrium? (c) Let x=3. Graph the best-response curves of Rowena and Colin on a p-q coordinate plane. Label all the Nash equilibria in pure and mixed strategies. (d) Let x=1. Graph the best-response curves of Rowena and Colin on a p-q coordinate plane. Label all the Nash equilibria in pure and mixed strategies
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