Micro Economics H School Question. Short answer. 1. Consider an army commander deciding which village to search for insurgents and an insurgent deciding which village to hide in. If the army catches the insurgent, it gets a payoff on 1 and the insurgent gets a payoff of -1. If the villager successfully hides in village A he gets a payoff of 2 and the army gets a payoff of -2, but if he successfully hides in village B, he gets a payoff of 1 and the army gets a payoff of -1. Find all the Nash equilibria in this game.

Micro Economics H School Question. Short answer. 1. Consider an army commander deciding which village to search for insurgents and an insurgent deciding which village to hide in. If the army catches the insurgent, it gets a payoff on 1 and the insurgent gets a payoff of -1. If the villager successfully hides in village A he gets a payoff of 2 and the army gets a payoff of -2, but if he successfully hides in village B, he gets a payoff of 1 and the army gets a payoff of -1. Find all the Nash equilibria in this game.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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