Keith and Blake play a simultaneous one-shot game. Keith chooses between Top and Bottom, whereas Blake chooses between left and right. Payoffs are given by (Keith's payoffs are listed first and Blake's payoffs second): Top+left: 3,-6. Top+right:0,-7 Bottom+left:4,0. Bottom+right:-2,6. In a mixed strategy equilibria, Keith will play Top with what probability? 1. 6/7 2. 1/4 3. 1/2 4. 1/7 5. 0 6. 3/4
Keith and Blake play a simultaneous one-shot game. Keith chooses between Top and Bottom, whereas Blake chooses between left and right. Payoffs are given by (Keith's payoffs are listed first and Blake's payoffs second): Top+left: 3,-6. Top+right:0,-7 Bottom+left:4,0. Bottom+right:-2,6. In a mixed strategy equilibria, Keith will play Top with what probability? 1. 6/7 2. 1/4 3. 1/2 4. 1/7 5. 0 6. 3/4
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter15: Strategic Games
Section: Chapter Questions
Problem 2MC
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Keith and Blake play a simultaneous one-shot game. Keith chooses between Top and Bottom, whereas Blake chooses between left and right. Payoffs are given by (Keith's payoffs are listed first and Blake's payoffs second): Top+left: 3,-6. Top+right:0,-7 Bottom+left:4,0. Bottom+right:-2,6.
In a mixed strategy equilibria, Keith will play Top with what probability?
1. 6/7
2. 1/4
3. 1/2
4. 1/7
5. 0
6. 3/4
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