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EC311 · Intermediate Microeconomics

EC311 / TOPIC 33

8.7 Dominance, Nash and maximin

A teaching model for this topic. Its illustrative numbers may differ from the worked question.

1 Predict → 2 Try → 3 Explain → 4 Challenge

Is a jointly better outcome always Nash?

Illustrative model numbers, not Thailand or current economic data.

If both cooperate, does one player want to switch alone?