Question: 3 0 points ) This is a long question, which should give you enough practice in com - puting mixed - strategy equilibria. Suppose Ben
points This is a long question, which should give you enough practice in com
puting mixedstrategy equilibria. Suppose Ben and Jerry play the following game,
in which Ben is the row player and Jerry is the column player.
l m r
U
M
D
a Are there dominant or strictly dominated strategies in this game?
b Are there any completely mixedstrategy equilibria in the game that is equi
libria in which each player chooses each of his pure strategies with positive
probability If yes, find them.
c Are there any mixedpure strategy equilibria in the game ie equilibria in
which one player plays a pure strategy and the other mixes If yes, find them.
Guidance: for each pure strategy of one player, check what the best response is
of the other player. Only if the other player has more than one best response
could he be mixing, so you only have to check pure strategies such that the
other player has more than one best response. In these cases, you have to find
probabilities of mixing for the other player such that the first player would like
to play the pure strategy and not deviate.
d Are there any mixedstrategy equilibria in which each player mixes between
two strategies? If yes, find them. Guidance: consider all the combinations of
mixing for each player there are
such combinations For each
combination and each player compute the probabilities of mixing that make the
other player indifferent between the pure strategies he is mixing over. Then
check if any of the players want to deviate to the strategy they are not mixing
over.
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