Compute the pure-strategy and mixed-strategy nash


This exercise explores how, in a mixed-strategy equilibrium, players must put positive probability only on best responses. Consider the game in the following figure.

1031_b2c4d63a-1b09-43a3-b756-d78803299780.png

Compute the pure-strategy and mixed-strategy Nash equilibria for this game, and note how they depend on x. In particular, what is the difference between x > 1 and x

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Management Theories: Compute the pure-strategy and mixed-strategy nash
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