Consider a revised version of the game from Exercise S9: (a) Graph the expected payoffs from each of Professor Plum’s strategies as a function of Mrs. Peacock’s p-mix. (b) Which strategies will...


Consider a revised version of the game from Exercise S9:





(a) Graph the expected payoffs from each of Professor Plum’s strategies as a function of Mrs. Peacock’s p-mix.


(b) Which strategies will Professor Plum use in his equilibrium mixture? Why?


(c) What is the mixed-strategy Nash equilibrium of this game?


(d) Note that this game is only slightly different from the game in Exercise S9. How are the two games different? Explain why you intuitively think the equilibrium outcome has changed from Exercise S9.





May 26, 2022
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