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Questions › UGC-NET › UGC-NET 2023 › Q29
2 marksGame Theory › Game theory and strategic behaviour › Pure-strategy Nash equilibriumModerateabout 1 min

UGC-NET 2023 Question 29: Game theory and strategic behaviour

Consider the payoffs of two players who are close friends and can either go for Diwali shopping or watch World Cup cricket. Payoff matrix (Player 1 rows, Player 2 columns): (Diwali Shopping, Diwali Shopping) = (2,1); (Diwali Shopping, World Cup) = (0,0); (World Cup, Diwali Shopping) = (0,0); (World Cup, World Cup) = (1,2). Identify which of the following is true for them:

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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 UGC-NET 2023 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.