3. Player A and Player B can either play up, middle, or down in a simultaneous move game. The payoff matrix for the game is written below. Predict the outcome by finding all Nash Equilibria. Hint: a Nash equilibria cannot contain dominated strategies. Player B Player A Up Middle Down Up 3,1 0,0 2,0 Middle 0,0 2,3 -1,-1 Down 2,0 -1,-1 0,10 4. Does your answer to Question 3 change if Player A was able to play before Player B?
3. Player A and Player B can either play up, middle, or down in a simultaneous move game. The payoff matrix for the game is written below. Predict the outcome by finding all Nash Equilibria. Hint: a Nash equilibria cannot contain dominated strategies. Player B Player A Up Middle Down Up 3,1 0,0 2,0 Middle 0,0 2,3 -1,-1 Down 2,0 -1,-1 0,10 4. Does your answer to Question 3 change if Player A was able to play before Player B?
Chapter8: Game Theory
Section: Chapter Questions
Problem 8.7P
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I need help with 4. please
![B: Theory: Game Theory
3. Player A and Player B can either play up, middle, or down in a simultaneous move game. The
payoff matrix for the game is written below. Predict the outcome by finding all Nash
Equilibria. Hint: a Nash equilibria cannot contain dominated strategies.
Player A
Up
Middle
Down
Up
3,1
0,0
2,0
Player B
Middle
0,0
2,3
-1,-1
Down
2,0
-1,-1
0,10
4. Does your answer to Question 3 change if Player A was able to play before Player B?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8a6f34c-6199-4e45-a690-3a492ff2db75%2F4e10cd29-b63a-465e-853d-2d444a40249f%2Fq1a1tdi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:B: Theory: Game Theory
3. Player A and Player B can either play up, middle, or down in a simultaneous move game. The
payoff matrix for the game is written below. Predict the outcome by finding all Nash
Equilibria. Hint: a Nash equilibria cannot contain dominated strategies.
Player A
Up
Middle
Down
Up
3,1
0,0
2,0
Player B
Middle
0,0
2,3
-1,-1
Down
2,0
-1,-1
0,10
4. Does your answer to Question 3 change if Player A was able to play before Player B?
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