kmarks People Window Help (e)71% Mon 12:51 PM a ass.edu/mod/quiz/attempt.php?att

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kmarks People Window Help (e)71% Mon 12:51 PM a ass.edu/mod/quiz/attempt.php?attempt-21254938page 7aq22 s Personal and Busine..Community-Hardbal with Wes M-E ipo MI inbOK (276) . jalbali Other Bod st Get Help Joseph Alibali ECON203-SEC02 SP18 Quizzes and Assignments Quiz 1 Consider the following game question 20 Answer saved Points out of 1.00 Flag question Player 2 Hawk Dove Hawk -20, -20 100, 0 Player 1 D0, 100 50, 50 a) The pay-off for Player 1 from playing Hawk when Player 2 plays Dove is Select one: a. -20 FS F7 F10 912 ak

Explanation / Answer

(Dove,Dove) is a nash equilibrium.If (hawk, Dove) is selected then player 1's utility is 100 but players 2 is 0 and vice versa when(dove,hawk)is selected. Both players gain disutility when(hawk,hawk)is selected.

This is a pareto efficient point because no player can be made better off without making the other worse off.

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