Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise Joanna's credit card interest rate or do nothing. Joanna's available strategies are to transfer her Card Bank account balance to another creditor or do nothing. The strategy payoffs are indicated below. Does either player have a dominant strategy? Does the game have any Nash equilibria? What is the maximin strategy of each player in the game?

Question

Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise Joanna's credit card interest rate or do nothing. Joanna's available strategies are to transfer her Card Bank account balance to another creditor or do nothing. The strategy payoffs are indicated below.  Does either player have a dominant strategy? Does the game have any Nash equilibria? What is the maximin strategy of each player in the game?

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The Answer of Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise Joanna's credit card interest rate or do nothing. Joanna's available strategies are to transfer her Card Bank account balance to another creditor or do nothing. The strategy payoffs are indicated below.  Does either player have a dominant strategy? Does the game have any Nash equilibria? What is the maximin strategy of each player in the game?

Joanna Has a Credit Card Account with Card Bank