Question: ( 8 - c ) ( 9 pts in total ) ) Answer the questions according to the following QM result on a 2 -
c pts in total Answer the questions according to the following QM result on a personsum game:
Modulesubmodule: Game Theory
Problem title: Test Problem
Results
Col Col
strat A strat B Row Mix
Row strat
Row strat
Column mix
Value of game to row
c pts What is the equilibrium mixed strategy for row player in this game? Explain the meaning of the mixed strategy briefly ie what does that strategy mean?
c pts What is the equilibrium mixed strategy for the column player in this game? no explanation is needed
c pts What is the expected loss of the column player at equilibrium?
d pts If row player leaves his equilibrium strategy and uses a new strategy but column player stays with his equilibrium strategy, then
d what is the expected payoff of the row player?
d If column player has identified the unilateral strategy change of row player, what would column player do for his best?
e pts Suppose both players leave their equilibrium mixed strategies. The new strategy for row player is The new strategy for column player is
e What is the value of the game with the new strategies? show your calculations
e Which player is better off with these changes of strategies? Briefly explain.
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