ate strictly domin minated strategies. If the game does not have a pure strategy Nash equilibrium, find the mixed strategy Nash equilibrium for the smaller game (after eliminating dominated strategies). Player 2 b с Player 1 A 3,2 2,4 B 5,3 3,3 b) a 4,3 1,3

ate strictly domin minated strategies. If the game does not have a pure strategy Nash equilibrium, find the mixed strategy Nash equilibrium for the smaller game (after eliminating dominated strategies). Player 2 b с Player 1 A 3,2 2,4 B 5,3 3,3 b) a 4,3 1,3

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

Eliminate strictly dominated strategies.
If the game does not have a pure strategy Nash equilibrium,
find the mixed strategy Nash equilibrium for the smaller game
(after eliminating dominated strategies).
Player 2
с
Player 1
A
2,4
B
3,3
a)
b)
a
4,3
1,3
b
3,2
5,3

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