Question 3. (15 points) a) Which strategies in the game below are strictly dominated for Alice and Bob, respectively? Bo

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Question 3 15 Points A Which Strategies In The Game Below Are Strictly Dominated For Alice And Bob Respectively Bo 1 (59.83 KiB) Viewed 14 times

Question 3. (15 points) a) Which strategies in the game below are strictly dominated for Alice and Bob, respectively? Bob Left Center Right Up 2,2 0,3 5,1 Alice Middle 1,3 1,4 6,4 Down 3,1 2,3 6,0 b) Identify the Nash equilibria in pure strategies. Can the equilibrium be found using elimination of strictly dominated strategies or using iterated elimination of dominated strategies? Motivate your answer. c) What is the difference between these concepts? Discuss why the different concepts exist, and how they relate to each other.