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The following payoff matrix shows the outcomes for the US and the USSR from relying on conventional weapons or atomic weapons.The percentages refer to the fraction of the population that would die if a war occurred under the two weapons strategies.Assume the payoff matrix is for 1945,shortly after the US had demonstrated the effectiveness of the atomic bomb in World War II,i.e. ,the example begins in the upper right cell where USA has atomic weapons and the USSR has only conventional weapons.
Refer to the information given above.The Nash equilibrium in this situation is for:
Graduation Ceremony
A formal event where students receive their academic degrees or diplomas, marking the completion of a particular phase of education.
Sports Awards
Recognition given to athletes, teams, and other stakeholders in sports for their performances, achievements, and contributions.
Manifest Function
Consequences of behavior that are intended and overt (such as going to a funeral to pay respects to the deceased person).
Latent Function
Latent functions are consequences that contribute to adjustment but were not intended. For example, a latent function of attending a funeral is that it becomes a family reunion. Latent functions are the sociological explanations of a given action.
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