Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN: 9781337794992
Author: William J. Baumol, Alan S. Blinder, John L. Solow
Publisher: Cengage Learning
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Rock-paper-scissors is a game in which players typically use mixed strategies. Can you think of other examples? What are some of the characteristics of games that usually involve playing mixed strategies?
In dynamic game theory, a situation where a player is using non-credible threat is an examples of subgame perfect Nash equilibrium, explain why or why not?
Consider the following payoff matrix that is below : A. Does Player A have a dominant startegy? Explain why or why not  b. Does player B have a dominant strategy? Explain why or why not.        Player B Strategy        1 2 Player A Strategy  1 $2,000     \ $1,000   -$1,000  \  -$2,000   2 -$2,000 \  -$1,000 $1,000   \    $2,000
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