1) Consider the following extensive form game 1 2 3,0 of 4,1 0,1 0,0 4,1 (a) Find the corresponding strategic (i.e., normal form) game (b) Find all pure-strategy Nash equilibria (c) Eliminate all weakly dominated strategies in the game derived in (a) – show the result

1) Consider the following extensive form game 1 2 3,0 of 4,1 0,1 0,0 4,1 (a) Find the corresponding strategic (i.e., normal form) game (b) Find all pure-strategy Nash equilibria (c) Eliminate all weakly dominated strategies in the game derived in (a) – show the result

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter13: best-practice Tactics: Game Theory

Section: Chapter Questions

Problem 2E

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Question

1)
Consider the following extensive form game
1
a
2
3,0
4,1
0,1 0,0
4,1
(a) Find the corresponding strategic (i.e., normal form) game
(b) Find all pure-strategy Nash equilibria
(c) Eliminate all weakly dominated strategies in the game derived in (a) – show the result

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