The countries Economus and Sociolomous on planet Subjectus are engaged in a Cold War.The pay-offs of their available strategies are presented in the table below. The pay-offs are listed in terms of percentage growth in the standard of living of the two countries.
Does either country have a dominant strategy? Does the game have a Nash equilibrium? What is the maximin strategy of each player in the game?

Question

The countries Economus and Sociolomous on planet Subjectus are engaged in a Cold War.The pay-offs of their available strategies are presented in the table below.  The pay-offs are listed in terms of percentage growth in the standard of living of the two countries.
Does either country have a dominant strategy? Does the game have a Nash equilibrium? What is the maximin strategy of each player in the game?

Quizplus · Accepted Answer

The Answer of The countries Economus and Sociolomous on planet Subjectus are engaged in a Cold War.The pay-offs of their available strategies are presented in the table below.  The pay-offs are listed in terms of percentage growth in the standard of living of the two countries.
Does either country have a dominant strategy? Does the game have a Nash equilibrium? What is the maximin strategy of each player in the game?

The Countries Economus and Sociolomous on Planet Subjectus Are Engaged