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Question: game theory...

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5. Consider the following two player normal form game, where Player 1s strategies are Up, Down and Player 2s strategies are Left, Right. Plaver 2 Left x, x 0.0 Right 0,0 Player 1 U Down For what values of x is there a unique Nash equilibrium in pure strategies, and what is that equilibrium? For what values of x is there more than one Nash equilibrium in pure strategies and what are those equilibria? How does the notion of a dominant strategy factor into your analysis of parts a-b? Explain a. b. c.game theory

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