Suppose that Question 1.4 were modified so that the state government does not provide an incentive for
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Suppose that Question 1.4 were modified so that the state government does not provide an incentive for new business startups, but Sara has a head start over Divit and can move first. What is the Nash equilibrium? Explain.
Data From Question 1.4:-
Show the payoff matrix and explain the reasoning in the prisoners' dilemma example where Larry and Duncan, possible criminals, will get one year in prison if neither talks; if one talks, one goes free and the other gets five years; and if both talk, both get two years. (Note: The payoffs are negative because they represent years in jail, which is a bad.)
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In the modified scenario where Sara has a head start over Divit and can move first we can still anal...View the full answer
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