Question
Microeconomics Question on Game theory
In a 3-player game, player 1 can choose either Up or Down as strategies. Player 2 can chose either Left or Right as strategies. Player 3 can choose either Table 1 or Table 2 as strategies.
Which of the following strategy profile(s) is/are Nash Equilibrium?
A
(Up, Left, Table 1)
B
(Down, Right, Table 1)
C
(Down, Left, Table 2)
D
(Up, Right, Table 2)
Answer
(Up, Left, Table 1)
Explanation
Solution
The correct options is (A): (Up, Left, Table 1) and (D): (Up, Right, Table 2)