Specify the strategies for P1 and P2, respectively. Eliminate all strictly dominated strategies, and FIND the reduced game until you can reduce the game no further.
Specify the strategies for P1 and P2, respectively. Eliminate all strictly dominated strategies, and FIND the reduced game until you can reduce the game no further.
Chapter8: Game Theory
Section: Chapter Questions
Problem 8.1P
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Question
Consider the following strategic game with 2 players: P1 AND P2
E | F | G | H | |
A | 10,30 | 0,50 | 5,5 | 40,20 |
B | 40,10 | 10,10 | 8,20 | 30,5 |
C | 15,5 | 10,30 | 5,20 | 25,20 |
D | 20,3 | 20,8 | 6,6 | 20,0 |
(a) Specify the strategies for P1 and P2, respectively. Eliminate all strictly
dominated strategies, and FIND the reduced game until you can reduce the game no
further.
(b) Find all the Nash equilibria for the reduced game, including the mixed-
strategy ones
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