In MobLab we played the Minimum Effort Game: 6 players are in one group, and each player
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In MobLab we played the "Minimum Effort Game": 6 players are in one group, and each player has to choose an effort level e = 1, 2, 3, 4, 5, 6 or 7. The payoff was determined by the minimum effort level in their group and their own effort: Payoff = 2*minimum of all efforts in group - own effort level. For example, If the six group members put up effort levels (3, 4, 4, 4, 5, 7), then their respective payoffs are (3, 2, 2, 2, 1, -1). How many equilibria in "pure strategies", does this game have?
Related Book For
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780357131626
8th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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