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Attempts Keep the Highest / 2 7. Solving for dominant strategies and the Nash equilibrium Suppose Yakov and Ana are playing a game in which
Attempts Keep the Highest / 2 7. Solving for dominant strategies and the Nash equilibrium Suppose Yakov and Ana are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Yakov chooses Right and Ana chooses Right, Yakov will receive a payoff of 5 and Ane will receive a payoff of 3. Ana Left Right Left 4, 4 6. 3 Yakov Right 5, 4 5, 3 Left The only dominant strategy in this game is for to choose Right The outcome reflecting the unique Nash equilibrium in this game is as follows: Yakov chooses and Ana chooses Grade It Now Save & Continue Continue without saving
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