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Sagot :
Answer:
The Nash equilibrium of the game is ( 1, 1 )
Explanation:
Given data:
Number of players = 3
The value of having the streetlamp = 3 for each player
value of not having the street lamp = 0
If at least 2 players contribute ; Lamp will be erected
If 1 or no player contribute then the lamp will not be erected
The normal form of this game can be written as
attached below is a detailed solution
The best response function from both conditions ( s= i , s = i ) shows that
The Nash equilibrium of the game is ( 1, 1 )
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