Of the 4 possible outcomes, identify which one(s), if any, satisfy the conditions of a Nash Equilibrium. Explain your logic.
You and a good friend are supposed to meet in Paris, France. You know you have arranged to meet at either the Arc de Triomphe (AdT) or at the base of the Eiffel Tower (ET) but you cannot remember which and you cannot communicate with each other. You prefer the Arc de Triomphe. Your friend […]