Player 2 Y1 Y2 Y3 X1 8,5 6,4 5,6 3,3 Player 1 X2 7,5 11,4 X3 12,4 4,8 4,6 For the game given above, ((p1.p2.p3)(q1.q2.q3) is a mixed strategy. The first triplet is Player 1's probability allocations to X1, X2 X3. The second triplet is Player 2's probability allocations to Y1, Y2, Y3. Which of the following is true? Oa. For Player 2, Y1 is strictly dominated by Y2 Ob ((p1.p2.p3).(q1.q2.q3)- (2/5.2/5,1/5)(3/5,1/5,1/5) is a mixed NE O. No action is strictly dominated by any mixed strategy Od. (pl.p2.p3/q1.42.q3)- (1/4.2/4,1/4)C4,0,1/4) is a mixed NE

Player 2 Y1 Y2 Y3 X1 8,5 6,4 5,6 3,3 Player 1 X2 7,5 11,4 X3 12,4 4,8 4,6 For the game given above, ((p1.p2.p3)(q1.q2.q3) is a mixed strategy. The first triplet is Player 1's probability allocations to X1, X2 X3. The second triplet is Player 2's probability allocations to Y1, Y2, Y3. Which of the following is true? Oa. For Player 2, Y1 is strictly dominated by Y2 Ob ((p1.p2.p3).(q1.q2.q3)- (2/5.2/5,1/5)(3/5,1/5,1/5) is a mixed NE O. No action is strictly dominated by any mixed strategy Od. (pl.p2.p3/q1.42.q3)- (1/4.2/4,1/4)C4,0,1/4) is a mixed NE

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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