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See the following one-shot, simultaneous move game. In each cell of the payoff matrix, the first entry shows Player 1's payoff, and the second entry
See the following one-shot, simultaneous move game. In each cell of the payoff matrix, the first entry shows Player 1's payoff, and the second entry shows Player 2's payoff. For Player 1, Strategy _ is dominated by Strategy _. For Player 2, Strategy _ is dominated by Strategy _. If Player 2 picks Strategy 6, the best response for Player 1 is to pick Strategy _. If Player 1 picks Strategy _, the best response for Player 2 is to pick Strategy 6. If player 2 picks Strategy _ and Player 1 picks Strategy_, neither player has the incentive to move away from the outcome. Therefore, the payoff (#17) is a Nash equilibrium. PlayerZ Strategy 4 Strategy 5 Strategy 6 Strategy1 21,17 15,15 17,13 Player? Strategy 2 19, 12 16, 11 15, 17 StrategyB 18,15 14,13 16,10
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