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Two friends have an idea for a new business that they believe will be successful, but it will only take off if both quit theirjobs.
Two friends have an idea for a new business that they believe will be successful, but it will only take off if both quit theirjobs. Each player's worst outcome is when she is the only one to quit. Friend #2 Friend #1 (a) Find any Nash equilibrium using the best response analysis. (b) Which of the type of simultaneous moves we have discussed so far does the game resemble the most? (c) Would the new business have a good chance of being founded? (d) What two strategies the players can use to solve the assurance problem they find themselves into
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