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The Cuban Missile Crisis is often given as an example of such a game, during which both Soviet Premier Khrushchev and JFK acted in a
The Cuban Missile Crisis is often given as an example of such a game, during which both Soviet Premier Khrushchev and JFK acted in a hawkish way, threatening to annihilate the other with nuclear weapons. Assume that they can behave in either a hawkish or dovish way and that payoffs are as follows: image 9.23. Find and sketch best-response functions of both players. 9.24. Find all the mixed-strategy Nash equilibria
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