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Nancy and Denise Are Trying to Decide Whether to Go

question 114

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Nancy and Denise are trying to decide whether to go hiking or biking this weekend. Depending on their choices, they might go together and they might go apart. Their payoffs in terms of their happiness are as follows. Nancy and Denise are trying to decide whether to go hiking or biking this weekend. Depending on their choices, they might go together and they might go apart. Their payoffs in terms of their happiness are as follows.    a. What are the pure-strategy Nash equilibria if any? b. What is the mixed-strategy Nash equilibrium?
a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?


Definitions:

Monkeys

Primates typically characterized by a tail, often arboreal with complex behaviors and high intelligence.

Co-Option

The process by which nature reuses an existing feature or trait for a new purpose, similar to exaptation.

Phylogeny

The evolutionary history and lineage of species or other taxonomic groups of organisms, often illustrated with a phylogenetic tree.

Taxonomy

Taxonomy is the science of describing, naming, and classifying species of living or fossil organisms.

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