HERE THE GAME IS BEING PLAYED BETWEEN TWO PLAYERS,(EVEN AND ODD). HERE EACH PLAYER HAS A PENNY AND MUCH SECRETLY TURNS THE WHOLE PENNY TO THE HEAD OR TAIL. AFTER THAT THE PLAYER WILL REVEAL THEIR CHOICE SIMULTANIOUSLY.
(A.) PAIRING OF A HEAD AGAINST THE TAILS = 4UNITS TO THE HEAD
PAIRING OF A TAIL AGAINST THE HEAD= 6 UNITS TO THE TAILS
HERE NEITHER THE HEAD NOR THE TAIL WILL RECEIVE THE STABILITY
BECAUSE HERE WHILE SOLVING MATRIX THE PAYOFF COMES OUT TO BE THE SAME IN BOTH THE CASE (HEAD OR TAIL)
SO THE STABILITY WILL BE = 0 SO NEITHER STATE IS STABLE.
please answer part c thanks! 2) Imagine a two-player game where individuals in the population are...