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Questions › IIT JAM › IIT JAM 2023 › Q33
2 marksGame Theory › Game theory and strategic behaviour › Pure-strategy Nash equilibriumHardabout 3 min

IIT JAM 2023 Question 33: Game theory and strategic behaviour

In a 3-player game (Player 1: Up/Down, Player 2: Left/Right, Player 3: Table 1/Table 2), payoffs are Table 1 [Up: (3,2,5),(4,1,3); Down: (2,6,1),(5,4,6)] and Table 2 [Up: (2,3,4),(4,5,7); Down: (6,4,0),(3,3,3)] across Left, Right. Which strategy profiles are Nash Equilibria?

Select all that apply.

Answer and worked solution

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Game theory and strategic behaviour has come up 61 times in 6 exams since 2008.

What this question tests

This question is on Pure-strategy Nash equilibrium, part of Game theory and strategic behaviour in Game Theory.

Outcomes from which no player wants to deviate, and classic games that illustrate them.

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Question from the IIT JAM 2023 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.