Question
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?).Solution
There exist only one pure strategy Nash equilibrium (sit, sit) and the argument is same as that of Prisoner’s Dilemma discussed in theory.
Which of the following is not an assumption of the Monetary Policy Committee of April 2022?
The Indian Space Research Organisation (ISRO) and its commercial arm Antrix Corporation Ltd. are set to commercialize India’s regional navigation sate...
Match the following parties with their reserved symbols and choose the INCORRECT one among the following:
Which organization is responsible for the collection of income tax in India?
Who demonstrates the multiplicative process of becoming amino acids from polypeptide?
In which field has Kiran Nadar made outstanding contributions, leading to her being conferred the prestigious "Chevalier de la Légion d'Honneur"?
The Objective of ‘Make in India’ programme is:
Which of the following statement is/are INCORRECT about the new variety “Lotus” flower developed by Lucknow Institute CSIR-NBRI (National Botanical ...
The Stand Up India scheme for loans to Scheduled Caste, Scheduled Tribe and women borrowers was extended till _____.
Which DRDO developed anti tank missile is capable of being launched from helicopter?
