# A selfless person approaches Jones and Smith with a \$100 bill and offers to sell it to the highest bidder, but the winning and losing bidders must pay her their bids. So if Jones bid \$2 and Smith bids \$1 they pay a total of \$3, but Jones gets the money, l

A selfless person approaches Jones and Smith with a \$100 bill and offers to sell it to the highest bidder, but the winning and losing bidders must pay her their bids. So if Jones bid \$2 and Smith bids \$1 they pay a total of \$3, but Jones gets the money, leaving him with a net gain of \$98 and Smith with -\$1. If both bid the same amount, the \$100is split evenly between them. Assume that each of them has only tow \$1 bills on hand, leaving three possible bids: \$0, \$1 or \$2. Write out the payoff matrix for this game and then find its Nash equilibrium.

# Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.