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CHAPTER & GAMES Player 2 L R Player 1 1, 1 4, 0 D 4,0 3,3 (a) Find all of the Nash equilibria of this
CHAPTER & GAMES Player 2 L R Player 1 1, 1 4, 0 D 4,0 3,3 (a) Find all of the Nash equilibria of this game. (b) In the mixed strategy equilibrium you found in part (a), you should notice that player 1 plays strategy U more often than strategy D. One of your friends remarks that your answer to part (a) must be wrong because clearly for player 1 strategy D is i more allractive strategy than strategy U. Both U and D give player I a payoff of 4 on the off-diagonal elements of the payoff matrix, but D gives player I a payoff of 3 on the diagonal while U only gives player I a payoff of 1 on the diagonal. Explain what is wrong with this reasoning
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