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For the chicken game in Figure 4.13 from Chapter 4, graph the best responses of James and Dean on a p - q coordinate plane.
- For the chicken game in Figure 4.13 from Chapter 4, graph the best responses of James and Dean on a p-q coordinate plane. Label all of the Nash equilibria.
Dean
Swerve (chicken). Straight (tough)
swerve (chicken). 0,0. -1, 1
James
straight (tough) 1,-1 -2, -2
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Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
