Consider the following representation of a Normal form game. actions 2 Y 2 w a (31,20) (10,40) (40,12) (8,8) b (p.28) (1

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Consider The Following Representation Of A Normal Form Game Actions 2 Y 2 W A 31 20 10 40 40 12 8 8 B P 28 1 1 (46.98 KiB) Viewed 44 times

Consider the following representation of a Normal form game. actions 2 Y 2 w a (31,20) (10,40) (40,12) (8,8) b (p.28) (18,30) (40,8) с (8,19) (9,32) (9,16) (22,10) (23,23) (9,13) (18,31) d (17,33) (13,38) Here each cell in the table represents an ordered pair. First element is payoff of the first player and second element is payoff of the second player. The letters a, b, c, d, x, y, 2, wepresent the actions. Write down the table in your answer script too. Now answer the following questions: 1. What is the distinction between strictly dominant strategy and weakly dominant strategy? Is it reasonable for a player to play a strictly dominated strategy? Explain why. 2. What are the minimum values for p and q that will make b a strategy that strictly dominates all other strategies for player 1, assuming both p and q are natural numbers? 3. Does player 2 have any strictly dominated pure strategy? If yes, which pure strategy dominates that strategy? If the submit button is off it is beacuse the due date is over. Submit the file using the google form link above, you will be counted as late submission unless you took prior permission to be late from the teacher.