1. In the game below A chooses rows and B

(i) Find all the strategies that survive iterated deletion of strictly dominated strategies (IDSDS)

(ii) Find each players best responses and the Nash Equilibrium

2. Consider the game structure below for the next several questions:

(i) What must be true about the values of a, b, c, and d unorder for U to be a strictly dominated strategy?

(ii) What must be true about the values of a, b, c, and d unorder for L to be a strictly dominated strategy?

 

Transcribed Image Text:

Professor Raymond Problem Set 6 1. In the game below A chooses rows and B chooses columns: L CR T-1,4-10,1 3,7 M 14,4 15,3 9,9 B 7,3 6,0 -3,1 (i) Find all the strategies that survive iterated deletion of strictly dominated strate- gies (IDSDS) (ii) Find each player's best responses and the Nash Equilibrium 2. Consider the game structure below for the next several questions: L R U (a,a) (b,c) D (c,b) (d.d) The row player is A, the column player is B. Parameters a, b, c, and d are payoffs. (i) What must be true about the values of a, b, c, and d in order for U to be a strictly dominated strategy? 1 (ii) What must be true about the values of a, b, c, and d in order for L to be a strictly dominated strategy? Professor Raymond Problem Set 6 1. In the game below A chooses rows and B chooses columns: L CR T-1,4-10,1 3,7 M 14,4 15,3 9,9 B 7,3 6,0 -3,1 (i) Find all the strategies that survive iterated deletion of strictly dominated strate- gies (IDSDS) (ii) Find each player's best responses and the Nash Equilibrium 2. Consider the game structure below for the next several questions: L R U (a,a) (b,c) D (c,b) (d.d) The row player is A, the column player is B. Parameters a, b, c, and d are payoffs. (i) What must be true about the values of a, b, c, and d in order for U to be a strictly dominated strategy? 1 (ii) What must be true about the values of a, b, c, and d in order for L to be a strictly dominated strategy?

Answer rating: 100% (QA)

ANSWER 1 i We see that T and B are strictly dominated by M as every payoff of the row p... View the full answer