7) An optional question to give you more practice solving games. Consider the following one-shot simultaneous game: David K 4, 0 3,2 1, 2 a. Before solving the game, put yourself in the position of Susan and write down your action. Then independent of that, put yourself in the position of David and write down your action. b. State all the dominated strategies in the full game, by which strategy they are dominated, 3,1 0,0 2,8 2,0 1, 1 2,2 Susan Y and whether weakly or strictly. c. Solve the game by dominance, what is the equilibrium outcome by dominance, if any? nauilihrin of this game?

Microeconomic Theory
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ISBN:9781337517942
Author:NICHOLSON
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Chapter8: Game Theory
Section: Chapter Questions
Problem 8.7P
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sub-question a, b , c.

7) An optional question to give you more practice solving games. Consider the following one-shot
simultaneous game:
David
K
4, 0
3,2
1, 2
a. Before solving the game, put yourself in the position of Susan and write down your action.
Then independent of that, put yourself in the position of David and write down your action.
b. State all the dominated strategies in the full game, by which strategy they are dominated,
3,1
0,0
2,8
2,0
1, 1
2,2
Susan
Y
and whether weakly or strictly.
c. Solve the game by dominance, what is the equilibrium outcome by dominance, if any?
nauilihrin of this game?
Transcribed Image Text:7) An optional question to give you more practice solving games. Consider the following one-shot simultaneous game: David K 4, 0 3,2 1, 2 a. Before solving the game, put yourself in the position of Susan and write down your action. Then independent of that, put yourself in the position of David and write down your action. b. State all the dominated strategies in the full game, by which strategy they are dominated, 3,1 0,0 2,8 2,0 1, 1 2,2 Susan Y and whether weakly or strictly. c. Solve the game by dominance, what is the equilibrium outcome by dominance, if any? nauilihrin of this game?
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