17. This outcome is (A) a dominant strategy equilibrium ; (B) an iterated dominant strategy equilibrium; (C) a Nash equilibrium in pure strategies; (D) none of the above.
17. This outcome is (A) a dominant strategy equilibrium ; (B) an iterated dominant strategy equilibrium; (C) a Nash equilibrium in pure strategies; (D) none of the above.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Can you help me answer number 17 please?

Transcribed Image Text:16. Consider a stag-hunt game with payoffs
Bob
Bob
stag rabbit
Alice, stag
5, 5
0,4
Alice, rabbit 4,0
4, 4
The most likely experimental outcome in this game should be
(A) (stag, stag);
(B) (rabbit, rabbit);
(C) (stag, rabbit);
(D) (rabbit, stag).
17. This outcome is
(A) a dominant strategy equilibrium ;
(B) an iterated dominant strategy equilibrium;
(C) a Nash equilibrium in pure strategies;
(D) none of the above.
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