Three television stations, (KAC, KBC, KCC) in Oshkosh Wisconsin compete for audience market-share. All three stations can air their late-evening news at 10 pm or at 11 pm. The following is a normal-form expression of that game (the payoffs are in the order (KAC, KBC, KCC); you may assume the stations make their choices simultaneously. Restrict you answer to pure strategies. FIND THE RATIONIZABLE SET (USE ITERATED DOMINANCE). I(pm 10pm KAC/ABC 10pm | 1!pm 10pm 1624,30 30,16,24 Il pm 30,23,14|14,24,32 KAC/KeC 10pm pm Ilpm l pm 14,24, 32 8,30,27 Il pm 30,16,24 13.12, SO

Managerial Economics: A Problem Solving Approach
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Chapter15: Strategic Games
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Game theory- please help.
hon
dustion z
hinpher
Three television stations, (KAC, KBC, KCC) in Oshkosh Wisconsin compete for
audience market-share. All three stations can air their late-evening news at 10
pm or at 11 pm. The following is a normal-form expression of that game (the payoffs
are in the order (KAC, KBC, KCC); you may assume the stations make their choices
simultaneously. Restrict you answer to pure strategies.
FIND THE RATIONIZABLE SET (USE ITERATED DOMINANCE).
KCC
Ilpm
1 pm
KAC/ABC 10pm | 1pm
10pm 1624,30 30,16,24
Il pm 30,23,14|14,24,32
KAC/KBC
10pm 11 pm
|O pm
14.24, 32 8.30,27
Il pm/30,16,24 13,12, 5O
Transcribed Image Text:hon dustion z hinpher Three television stations, (KAC, KBC, KCC) in Oshkosh Wisconsin compete for audience market-share. All three stations can air their late-evening news at 10 pm or at 11 pm. The following is a normal-form expression of that game (the payoffs are in the order (KAC, KBC, KCC); you may assume the stations make their choices simultaneously. Restrict you answer to pure strategies. FIND THE RATIONIZABLE SET (USE ITERATED DOMINANCE). KCC Ilpm 1 pm KAC/ABC 10pm | 1pm 10pm 1624,30 30,16,24 Il pm 30,23,14|14,24,32 KAC/KBC 10pm 11 pm |O pm 14.24, 32 8.30,27 Il pm/30,16,24 13,12, 5O
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