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5) Mixed strategy Nash equilibrium Consider a mixed strategy Nash equilibrium of the following coordination game: Player 2 a b Player 1 A 5.5 2.6
5) Mixed strategy Nash equilibrium Consider a mixed strategy Nash equilibrium of the following coordination game: Player 2 a b Player 1 A 5.5 2.6 B 6,-2 1.1 a) In the above game, explain in words what condition player 1's probability p of playing strategy A must satisfy to induce player 2 to mix strategies between a and b in equilibrium. b) Solve for the mixed strategy Nash equilibrium where player 1 chooses A with probability P and player 2 chooses a with probability p, for 0
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