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Political Economy Assignment 1Q1.A nash equilibria is a point in the game where each player chooses the strategy that maximizes his expected payoff given the strategies chosen by other players, no one has an incentive to deviate.Player2 L R Player 1U 3*, 4* 1,1 D 2,3 2,2 Here pure strategy nash equilibria is for Player 1.
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Best OutcomesNash EquilibriaPlayer2 L R Player 1UPure Strategy Nash Equilibria