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Three voters rank options A. B, C, and D as follows (> means is preferred to). Voter1: A>B>C>D Voter2: B>C>A>D Voter3: C>A>B>D For example. 'l's
Three voters rank options A. B, C, and D as follows (> means "is preferred to"). Voter1: A>B>C>D Voter2: B>C>A>D Voter3: C>A>B>D For example. 'l's first choice is A, 1's second choice is B, 1's third choice is C, and 1's fourth choice is D. A majority of (Le. two) votes determines the winner. Which of the following is a Nash equilibrium? (Be careful to apply the definition of Nash equilibrium, rather than guess. There is only one outcome in which no player can change their vote so that a more-preferred option wins.) 0 1 and 2 vote for A. 3 votes for C. O 2 and 3 vote for B. 1 votes for A. O 'l and 3 vote for C. 2 votes for B. 0 All three vote for D
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