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December 13th, 2013, 06:30 AM   #1
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Reaction Functions

How do I get from the following reaction function to the unique Nash equilibrium?

Reaction function: p(i)(p(j))= 6 + 0.25(phi*p(j)

Nash equilibrium: p(i)=p(j)= 24/(4- phi)
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December 15th, 2013, 02:17 PM   #2
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The parentheses don't balance. Was this set as a problem?
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December 16th, 2013, 05:43 AM   #3
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Re: Reaction Functions

Let me try to make it more clear.

I've got two reaction functions. I presume I have to substitute in order to get the, but somehow I don't get it.

So the reaction function is: pi(pj)= 6 + 'weird symbol'*pj/4

And the solution of the reaction functions should be: pi=pj=24/(4- 'weird symbol')
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