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Suppose that it is observed that a Nash equilibrium distribution of traffic over a wide-area network results in average latency of 48ms. If the network
Suppose that it is observed that a Nash equilibrium distribution of traffic over a wide-area network results in average latency of 48ms. If the network planner determines that new capacity can be added to the network, reducing the latency to 12ms at an expected new Nash equilibrium, should this action be pursued? Using game theoretic concepts, explain why or why not. Hint: what is the price of anarchy?
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