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In: Economics

Two players play a rock-paper-scissors game. The losing player will give $1 to the winning player....

  1. Two players play a rock-paper-scissors game. The losing player will give $1 to the winning player. If it is a draw, no payment is made. The payoff to a player is the amount of money (s)he gets.

  1. Represent the situation in a matrix form.
  2. Find all the Nash equilibria.

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Expert Solution

Rahul Sunny answered 1 year ago
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