Question-3: (20 points) a. Explain the Battle of Sexes (BOS) Game and Matching Pennies Game with the help of pay-off mat
Posted: Mon Apr 18, 2022 9:11 am
Question-3: (20 points)
a. Explain the Battle of Sexes (BOS) Game and Matching Pennies
Game with the help of pay-off matrices. Find the players’ best
response functions in both BOS and Matching Pennies games. (5+5 =
10 points)
b. Find the Nash Equilibria of the following game by finding the
players’ best response functions. (10 points)
Player-1
Player-2
L
C
R
T
M
B
2, 2
1, 3
0, 1
3, 1
0, 0
0, 0
1, 0
0, 0
0, 0
a. Explain the Battle of Sexes (BOS) Game and Matching Pennies
Game with the help of pay-off matrices. Find the players’ best
response functions in both BOS and Matching Pennies games. (5+5 =
10 points)
b. Find the Nash Equilibria of the following game by finding the
players’ best response functions. (10 points)
Player-1
Player-2
L
C
R
T
M
B
2, 2
1, 3
0, 1
3, 1
0, 0
0, 0
1, 0
0, 0
0, 0