11. The following payoff table involves two players each of whom has three possible moves. L M N L 30,15 45,35 55,25 M 25,35 20,20 30,50 N 15,35 35,40 15,15 Solve using Iterated elimination of strictly dominated strategies (IESDS)

11. The following payoff table involves two players each of whom has three possible moves. L M N L 30,15 45,35 55,25 M 25,35 20,20 30,50 N 15,35 35,40 15,15 Solve using Iterated elimination of strictly dominated strategies (IESDS)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

11. The following payoff table involves two players each of whom has three possible moves.
L
M
N
L
30,15
45,35
55,25
M
25,35
20,20
30,50
N
15,35
35,40
15,15
Solve using Iterated elimination of strictly dominated strategies (IESDS)

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ITERATIVE DOMINANCE Consider the following game in strategic form. a₁ 22 a3 bi 35,52 30,30 28,9 (9,11) (45,47) (47,28) (52,16) (28,9) (30,30) (16,45) (11,35) (35,52) b2 11,35 9,11 16,45 b3 52,16 45,47 47,28 Which of the following payoff profiles survive iterative deletion of strictly dominated strategies? (Mark all profiles that survive.)
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