1. Player 1 can choose strategies X = 1 or 2, Player 2 can choose strategies Y = 1,2 or 3. If X+Y = 5 then both players

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1 Player 1 Can Choose Strategies X 1 Or 2 Player 2 Can Choose Strategies Y 1 2 Or 3 If X Y 5 Then Both Players 1 (20.32 KiB) Viewed 29 times

1. Player 1 can choose strategies X = 1 or 2, Player 2 can choose strategies Y = 1,2 or 3. If X+Y = 5 then both players get 0. Otherwise the players get the amount they choose. (a) Write down the payoff matrix for this game. (b) Can any strategies be eliminated by dominance? (c) Find the Nash equilibrium strategies for both players, and the value of the game for each player.