Please Share Your Reasoning To The Exercises 1 (60.9 KiB) Viewed 14 times
Question 1 1 pts Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. Player A has and player B has Player B Left Right Player A Top 4. 2 2 3 Bottom 3 3 3 4. O a dominant strategy to play Top; a dominant strategy to play Left. O no dominant strategy; a dominant strategy to play Left. O a dominant strategy to play Bottom; no dominant strategy. O no dominant strategy; a dominant strategy to play Right None of these
Question 2 1 pts Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. The Nash Equilibrium in pure strategies in this game is Player B Left Right Player A Top 4 20 2 1 Bottom 5 1 3 2 O Top Left O Top/Right O Bottom/Left O Bottom/Right O None of these
Question 3 1 pts Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. If each player plays their maximin strategy, the outcome of the game will be Player B Right Left Player A Top 4 4. 2 6 Bottom 3 5 1 2 O Top/Left Top/Right O Bottom/Left O Bottom/Right
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