Consider the game represented in Figure 15.7, often referred to as Chicken. This game is intended to
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Consider the game represented in Figure 15.7, often referred to as Chicken. This game is intended to represent the decisions in a game of chicken where two drivers drive their cars directly at each other on a narrow road. The drivers can either dare to continue driving straight, or chicken out and turn off the road. Daring to stay on the road while the other chickens out will yield a big reward. However, if both dare to stay on the road they will both almost certainly die. Solve this game for the fairness equilibria using the kindness functions defined in equations 15.14 and 15.16. How do the equilibria depend upon the value of x? Provide an interpretation of this result.
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The fairness function from the perception of player 1 is given by Both play...View the full answer
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