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Lala and Marmar Are Deciding Whether to Reserve a Vacation

Question 73

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Lala and Marmar are deciding whether to reserve a vacation room with a city view or an ocean view. Their payoffs in terms of their happiness are as follows. Lala and Marmar are deciding whether to reserve a vacation room with a city view or an ocean view. Their payoffs in terms of their happiness are as follows. a. What are the pure-strategy Nash equilibria if any? b. What is the mixed-strategy Nash equilibrium?
a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?

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a. By the check method: blured image There are two p...

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