Consider a game involving two players 1 and 2.Both players have two choices of actions, Left Lor Right R.If both players choose L, the payoff to both players is 5.If both choose R, they each get a payoff of 2.If player 1 chooses L and player 2 chooses R, the payoff is 2 for player 1 and 0 for player 2.If player 1 chooses R and player 2 chooses L, the payoff is 0 for player 1 and 2 for player 2.What is a Nash Equilibrium of this game?
A)Both players choose L
B)Player 1 chooses L and player 2 chooses R
C)Player 1 chooses R and player 2 chooses L
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

In a Nash Equilibrium, no player can benefit by changing their strategy while the other player's strategy remains unchanged. Both players choosing L results in a payoff of 5 for each, which is the highest payoff they can achieve without the other changing their strategy.

Consider a Game Involving Two Players 1 and 2