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Satsume Satsume
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6 years ago
Consider the following game that represents the payoffs from different advertising campaigns (low, medium, and high spending) for two political candidates that are running for a particular office.  The values in the payoff matrix represent the share of the popular vote earned by each candidate:

   Candidate B - low   Candidate B - medium   Candidate B - high
Candidate A - low   50, 50   40, 60   20, 80
Candidate A - medium   60, 40   50, 50   35, 65
Candidate A - high   80, 20   65, 35   50, 50

Under the version of the game in which Candidate A moves first, what is the Nash equilibrium?
A) The Nash equilibrium occurs where both candidates use medium advertising campaigns.
B) Candidate A's strategy is low, and Candidate B responsed with a high advertising campaign.
C) The Nash equilibrium for the sequential and simultaneous versions of the game are identical.
D) There is no Nash equilibrium (in pure strategies) for this sequential game.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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