Consider a simultaneous game in which player A chooses one of two actions (Up or Down), and

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Consider a simultaneous game in which player A chooses one of two actions (Up or Down), and B chooses one of two actions (Left or Right). The game has the following payoff matrix, where the first payoff in each entry is for A and the second for B.

a. Find the Nash equilibrium or equilibria.
b. Which player, if any, has a dominantstrategy?

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Intermediate Microeconomics and Its Application

ISBN: 978-0324599107

11th edition

Authors: walter nicholson, christopher snyder

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Question Posted: Jan 21, 2013 04:10 AM

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Consider a simultaneous game in which player A chooses one of two actions (Up or Down), and

Question:

Left Right Up 3 35, 1 Down 2, 2 4, 4

Step by Step Answer:

a In the payoff matrix of the game Nash equilibrium in a following way A plays ...View the full answer

Intermediate Microeconomics and Its Application

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