Business, 02.04.2021 20:00 mariah10455

Harrison and Tyler are two students who metby chance the last day of exams before theend of the spring semester and the beginningof summer. Fortunately, they liked eachother very much. Unfortunately, they forgotto exchange addresses. Fortunately. eachremembers that they spoke of attending acampus party that night. Unfortunately, thereare two such parties. One party is small. Ifeach attends this party, they will certainlymeet. The other party is huge. If each attendsthis one, there is a chance they will notmeet because of the crowd. Of course, theywill certainly not meet if they attend separateparties. Payoffs to each depending on the combined choice of parties are shown below, with Tyler's payoffs listed first. a. What is Nash Equilibrium (NE)? Identify the NE in this game.
b. Use your argument to verify that they are NE. Use your argument to verify that other strategy combinations are not NE.

Harrison Go to large party
Go to small party
Tyler Go to small party (1000,1000) (0,0)
Go to large party (0,0) (500,500)

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Harrison and Tyler are two students who metby chance the last day of exams before theend of the spri...

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