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Need help with problem below please solve with answers thank you so much! 1 . Individual Problems 15-2 Mr. and Mrs. Ward typically vote oppositely
Need help with problem below please solve with answers thank you so much!
1 . Individual Problems 15-2 Mr. and Mrs. Ward typically vote oppositely in elections and so their votes "cancel each other out." They each gain 6 units of utility from a vote for their positions (and lose 6 units of utility from a vote against their positions). However, the bother of actually voting costs each 3 units of utility. The following matrix summarizes the strategies for both Mr. Ward and Mrs. Ward. Mrs. Ward vote Mr. Ward Dont Vote Mr. ward: -3, Mrs. ward: -3 Mr. ward: -6, Mrs. ward: 3 The Nash equilibrium for this game is for Mr. Ward to Dont Vote Mr. ward: 3, Mrs. ward: -6 Mr. Ward: O, Mrs. Ward: O v and for Mrs. Ward to . under this outcome, Mr. Ward receives a payoff Of units Of utility. units of utility and Mrs. Ward receives a payoff of Suppose Mr. and Mrs. Ward agreed not to vote in tomorrow's election. True or False: This agreement would decrease utility for each spouse, compared to the Nash equilibrium from the previous part of the question. C) True C) False This agreement not to vote a Nash equilibrium. Grade It Now Save & Continue Go t I.Vindo ethtin-Witnbt Sing
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