z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable. b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9
z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable. b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of these 4 descriptions is correct?
![z is a strictly dominated strategy for player 1.
(z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile.
There exists some rationalizable mixed strategies.
(x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36fa9b7c-7a7e-4f6a-8082-880ec2bd230c%2F2c374923-8300-445f-a55c-6b63836aa717%2F7jb2g3.png&w=3840&q=75)
Transcribed Image Text:z is a strictly dominated strategy for player 1.
(z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile.
There exists some rationalizable mixed strategies.
(x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable.
![b
d.
a
4, 4
12, 2
5, 4
4, 5
3,7
8, 7
5, 8
10, 6
х
7, 6
2, 10
9, 5
4, 6
y
4, 4
5, 9
4, 10
10, 9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36fa9b7c-7a7e-4f6a-8082-880ec2bd230c%2F2c374923-8300-445f-a55c-6b63836aa717%2Faiordjq.png&w=3840&q=75)
Transcribed Image Text:b
d.
a
4, 4
12, 2
5, 4
4, 5
3,7
8, 7
5, 8
10, 6
х
7, 6
2, 10
9, 5
4, 6
y
4, 4
5, 9
4, 10
10, 9
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