Consider the following game in the normal form R. 0,0 0,44 0,31 M 44,0 14,14 -1,16 31,0 16,-1 1,1 a) Find the sets B andRI b) Are the strategy profiles in the set of rationalizable strategies of this game (i.e. the set R, x R2 ) Pareto efficient? Justify your answer.
Consider the following game in the normal form R. 0,0 0,44 0,31 M 44,0 14,14 -1,16 31,0 16,-1 1,1 a) Find the sets B andRI b) Are the strategy profiles in the set of rationalizable strategies of this game (i.e. the set R, x R2 ) Pareto efficient? Justify your answer.
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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