Question 1 Find the strategies that survive iterated elimination of strictly dominated strategies and all Nash Equilibria (in pure strategies and mixed strategies) in each of the following two normal-form games: (a) Player 2 EFGH

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter13: best-practice Tactics: Game Theory
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Question 1
Find the strategies that survive iterated elimination of strictly dominated strategies and
all Nash Equilibria (in pure strategies and mixed strategies) in each of the following two
normal-form games:
(a)
Player 2
E
F G H
Player 1
A 2,0 1,2 4,3 3,1
B4,7 8,8 3,2 2,5
C 0,1 0,6 3,4 2,3
D 0,3 3,5 5,5 6,7
(b)
Player 2
Player 1
1
T5,-1
U 4,0
L 1,2
B 8,2
m r
2,1 3,0
4,0 1,1
3,4
0,1
1,3 2,3
Transcribed Image Text:Question 1 Find the strategies that survive iterated elimination of strictly dominated strategies and all Nash Equilibria (in pure strategies and mixed strategies) in each of the following two normal-form games: (a) Player 2 E F G H Player 1 A 2,0 1,2 4,3 3,1 B4,7 8,8 3,2 2,5 C 0,1 0,6 3,4 2,3 D 0,3 3,5 5,5 6,7 (b) Player 2 Player 1 1 T5,-1 U 4,0 L 1,2 B 8,2 m r 2,1 3,0 4,0 1,1 3,4 0,1 1,3 2,3
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