Question
Consider the game:
src="https://www.ixambee.com/questionimage/Chapter/1645520198-5.PNG" alt="" /> Let p=probability prey is active and q=probability Predator is active. What is the mixed strategy Nash equilibrium for the game?Solution
Payoff of pred when Playing active is 2p+9(1-p); When playing passive is 3p-(1-p). Payoffs should be equal since the pred should be indifferent. Hence solving for p we get p=10/11. Solving in a similar way we get q=5/7. Mixed strategy Nash equilibrium is p=10/11; q=5/7.
What is the monthly honorarium for senior artists with an annual income below ₹1.8 lakh under Haryana’s new scheme?
Who is eligible to benefit from the 'Mukhyamantri Ladli Behna Awas Yojana' in Madhya Pradesh?
What is the primary source of methane emissions, which contributed to its record growth in 2023?
Why is the launch of the vessel Costa Serena significant in India?Â
Which digital payments app, belonging to the Tata group, recently obtained a payment aggregator (PA) license from the Reserve Bank of India (RBI)?
Why did Italy decide to withdraw from China's Belt and Road Initiative (BRI), and what was the criticism it faced for joining in 2019?:
Which celebrated singer, often referred to as the 'Bihar Kokila,' passed away recently and was known for her contributions to Bhojpuri, Maithili, and Hi...
Which joint venture produced and transferred 35,000 Kalashnikov AK-203 assault rifles to the Indian Ministry of Defence?
Under the PM Ekta Mall initiative, how many states have received approval for projects?
What is the significance of the cave painting discovered in Sulawesi, Indonesia?