Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sitting next to the other person, which is more comfortable than standing. Suppose that each person cares only about her own comfort. Model the situation as a strategic game. Find its Nash equilibrium (equilibria?).
There exist only one pure strategy Nash equilibrium (sit, sit) and the argument is same as that of Prisoner’s Dilemma discussed in theory.
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Which of the following refers to the minimum interest rate below which financial institutions can't lend, except in certain cases?
To become the Vice President of India, a person must be _____ age for the eligibility of it.
In which year was the Small Industries Development Bank of India (SIDBI) set up?
On which of the following days the ‘National Energy Conservation Day’ is being observed annually?
Which of the following subsequent statement is wrong?
Name a book maintained internationally by an organization which keeps a record of all the endangered animals and India also maintains it for plants and ...
What are the elements in group zero commonly known as?
International Labour Organization was founded on _______.
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