Richard and Charlotte can each choose only one of two locations to search for gold. The payoffs
Question:
a. The upper-left cell of the payoff matrix is a Nash equilibrium.
b. The upper-right cell of the payoff matrix is a Nash equilibrium.
c. The lower-right cell of the payoff matrix is a Nash equilibrium.
d. The lower-left cell of the payoff matrix is a Nash equilibrium.
Transcribed Image Text:
Charlotte Go to A Go to B Go to5 for Richard 8 for Richard A | 3 for Charlotte | 2 for Charlotte Richard Go to 4 for Richard 7 for Richard B 6 for Charlotte 7 for Charlotte
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