Describe an example of business competition that is similar in structure to the duel in Exercise U12. Consider the following game:   (a) Which game does this most resemble: tennis, assurance, or...


Describe an example of business competition that is similar in structure to the duel in Exercise U12.


Consider the following game:




(a) Which game does this most resemble: tennis, assurance, or chicken? Explain.


(b) Find all of this game’s Nash equilibria.













May 26, 2022
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