Question: Player 1 and player 2 are playing a simultaneous - move one - shot game, where player 1 can move up or down and player
Player and player are playing a simultaneousmove oneshot game, where player can move up or down and player can move left or right. The payoff that each player gets depends on what both players choose. If player moves up while player moves left, player receives a payoff of and player receives a payoff of If player chooses up and player chooses right, player receives a payoff of while player receives a payoff of If player instead chooses down and player chooses left, then player receives a payoff of and player receives a payoff of Finally, if player chooses down and player chooses right, then player receives a payoff of and player receives a payoff of Use this information to answer the questions below. Note that it may help to summarize the above information into a payoff matrix before tackling the questions.
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Which of the following statements is true regarding player
Choose one or more:APlayer does not have a dominant strategy.BPlayer has a dominant strategy to play left.CPlayer has a dominant strategy to play upDPlayer has a dominant strategy to play right.EPlayer has a dominant strategy to play down.
Which of the following statements is true regarding player
Choose one or more:APlayer has a dominant strategy to play right.BPlayer has a dominant strategy to play down.CPlayer has a dominant strategy to play upDPlayer does not have a dominant strategy.EPlayer has a dominant strategy to play left.
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Which of the following outcomes is a pure strategy Nash equilibrium of this game?
Choose one or more:APlayer plays down; player plays left.BPlayer plays up; player plays right.CPlayer plays up; player plays left.DThere is no pure strategy Nash equilibrium in this game.EPlayer plays down; player plays right.
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Is there an equilibrium in this game where at least one player does not place a probability on an action?
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