Question: 2. Consider the game having the following payoff table: Strategy Si Player 1 S2 Player 2 Ti T2 T3 4 2 -3 -1 0 3

2. Consider the game having the following payoff

2. Consider the game having the following payoff table: Strategy Si Player 1 S2 Player 2 Ti T2 T3 4 2 -3 -1 0 3 (a) (points: 5) Formulate the problem of finding an optimal mixed strategy for player 1 according to the max-min criterion as a linear programming problem. What is the optimal strategy for player 1, and what is the optimal payoff? (b) (points: 5) Formulate the problem of finding an optimal mixed strategy for player 2 according to the min-max criterion as a linear programming problem. What is the optimal strategy for player 2, and what is the optimal payoff? Remark: You can use Excel to solve the two LPs, or other methods to solve them. Explain very briefly how you solve them (one or two sentences); no need to provide detailed procedure

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