A university is contemplating whether to build a new lab or a new theater on campus. The science…

A university is contemplating whether to build a new lab
or a new theater on campus. The science faculty would rather see a new lab
built, and the humanities faculty would prefer a new theater. However, the
funding for the project (whichever it may turn out to be) is contingent on
unanimous support from the faculty. If there is disagreement, neither project
will go forward, leaving each group with no new building and their worst
payoff. The meetings of the two separate faculty groups on which proposal to support
occur simultaneously, with payoffs given in the following table:

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(a) What are the pure-strategy Nash equilibria of this
game?

(b) Which game described in this chapter is most similar
to this game? Explain your reasoning.

 

 

 

 

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