Two Monash clubs choose an event night, Thursday or Friday. If both choose Thursday, payoffs are (4,4) ; both Friday gives (3,3) ; different nights gives (0,0) . Payoffs represent benefits from coordinating a joint event. Which statement is correct?

Question

Two Monash clubs choose an event night, Thursday or Friday. If both choose Thursday, payoffs are   (4,4) ; both Friday gives   (3,3) ; different nights gives   (0,0) . Payoffs represent benefits from coordinating a joint event. Which statement is correct?

Answer

There is no pure-strategy Nash equilibrium

Answer

Only both choosing Friday is a pure-strategy Nash equilibrium

Answer

Both coordinated outcomes are pure-strategy Nash equilibria

Answer

Only both choosing Thursday is a pure-strategy Nash equilibrium

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Two Monash clubs choose an event night, Thursday or Friday. If both choose Thurs...

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