(In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2 chooses the column, and if there is a Player 3, she chooses the matrix.) What is true according to the iterated elimination of strongly dominated strategies (IESDS) in the following game? T 5,-1 -4,-5 B -3,3 -1,6 O The unique strategy profile that survives IESDS is (T,L). O The unique strategy profile that survives IESDS is (B,R). O None of the other alternatives is true. O The unique strategy profile that survives IESDS is (T,R). O The unique strategy profile that survives IESDS is (B,L).
(In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2 chooses the column, and if there is a Player 3, she chooses the matrix.) What is true according to the iterated elimination of strongly dominated strategies (IESDS) in the following game? T 5,-1 -4,-5 B -3,3 -1,6 O The unique strategy profile that survives IESDS is (T,L). O The unique strategy profile that survives IESDS is (B,R). O None of the other alternatives is true. O The unique strategy profile that survives IESDS is (T,R). O The unique strategy profile that survives IESDS is (B,L).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:(In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2 chooses the column, and if there is a Player 3, she chooses the matrix.)
What is true according to the iterated elimination of strongly dominated strategies (IESDS) in the following game?
T 5,-1 -4,-5
B -3,3-1,6
The unique strategy profile that survives IESDS is (T,L).
The unique strategy profile that survives IESDS is (B,R).
None of the other alternatives is true.
O The unique strategy profile that survives IESDS is (T,R).
The unique strategy profile that survives IESDS is (B,L).
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