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Respond to the question: Game Theory on three people working on a?

10/24/2018 02:32 PM by ; Game Theory on three people working on a project
The payoff from the project, for each of the partner is given by 𝑅𝑥3𝑥3𝑥3 where 𝑅 is the smallest role number in your academic 123
group (in one or two digits) and 𝑥𝑖 is the level of efforts from 𝑖𝑡h partner. The cost of efforts is 4𝑥1, 3𝑥2 and 2𝑥3 respectively.
What is the NE of this game?
Does payoff at the NE is the best possible one? Explain your answer [Manage messages]