In Exercises 15–20, decide whether the game is strictly determined. If it is, give the players’ optimal pure strategies and the value of the game. [ HinT: See Example 4.] p q a b [ 1 1 2 − 4 ]
In Exercises 15–20, decide whether the game is strictly determined. If it is, give the players’ optimal pure strategies and the value of the game. [ HinT: See Example 4.] p q a b [ 1 1 2 − 4 ]
Solution Summary: The author calculates the players' optimal strategies and value of the game if the payoff matrix is strictly determined.
In Exercises 15–20, decide whether the game is strictly determined. If it is, give the players’ optimal pure strategies and the value of the game. [HinT: See Example 4.]
Empirical data suggests that subjects do better than predicted by game theory at
(A) signalling and coordination;
(B) backward induction;
(C) mixing their strategies;
(D) none of the above.
if Z = 3
(a) How many pure strategy profiles exist in this game?
(b) In the unique subgame perfect Nash equilibrium, what is the sum of the payoffs to the two players?
Which of the following statements is not correct?
A. A game consists of players, rules, outcomes, and payoffs.
B. Game-theoretic situations are those involving payoff interdependence.
C. In static games of complete information players move once simultaneously.
D. Rational behavior and common knowledge are sufficient to ensure a unique prediction of the outcome of each game.
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