Consider a bargaining game:
Find pure strategy Nash equilibrium.
Suppose 1 chooses “low” then best response of 2 will be to choose “yes”. Now consider the other way round if 2 chooses “yes” then 1’s best response will be “low”. So neither of two would want to deviate. Applying the same logic to other points we deduce {low, yes} is the only Nash Equilibrium.
The best indicator of economic development of any country is ?
...Which sector contributes the most to India's GDP?
Which of these is not considered a factor of production?
Which one of the following is not a method of estimating the National Income of a country?
Which Metal is in liquid state at room temperature?
What is known as Artificial Silk.
Indian Financial System Code (IFSC) is a / an
Who is responsible for setting the Cash Reserve Ratio (CRR) in India?
In the Union Budget of 1997-98, which of the following Public sector undertaking is not included in “Navratnas”?
Consumer sovereignty implies that consumers:
