Consider the following normal-form game: Player 1 3 C M D Player 2 L 4,2 3,7 5,7 C 8,3 7,9 9,11 R 10,6 9,3 7,8

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter7: Uncertainty
Section: Chapter Questions
Problem 7.10P
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Consider the following normal-form game:
Player 1
כ
M
D
Player 2
L
4,2
3,7
5,7
8,3
O For Player 1: U and M, for Player 2: C and R
For Player 2: U and D, for Player 2: L and C
For Player 1: U, M and D, for Player 2: Land C
O For Player 1: U and D, for Player 2: C and R
7,9
9,11
R
10,6
9,3
7,8
Which strategies survive iterated elimination of strictly dominated strategies?
Transcribed Image Text:Consider the following normal-form game: Player 1 כ M D Player 2 L 4,2 3,7 5,7 8,3 O For Player 1: U and M, for Player 2: C and R For Player 2: U and D, for Player 2: L and C For Player 1: U, M and D, for Player 2: Land C O For Player 1: U and D, for Player 2: C and R 7,9 9,11 R 10,6 9,3 7,8 Which strategies survive iterated elimination of strictly dominated strategies?
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