Question 1. Apply the IESDS algorithm to the following game (remember to state the relevant domi- nance relation and to redraw the payoff matrix after each elimination): Player 2 X Y Z A 6, 4 3, 1 Player 1 7,4 B 4,3 2, 8 4,0 C 0, 1 4,4 5, 6

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question 1. Apply the IESDS algorithm to the following game (remember to state the relevant domi-
nance relation and to redraw the payoff matrix after each elimination):
Player 2
X
Y
Z
A
6, 4
3, 1
Player 1
7,4
B
4,3
2, 8
4,0
C
0, 1
4,4
5, 6
Transcribed Image Text:Question 1. Apply the IESDS algorithm to the following game (remember to state the relevant domi- nance relation and to redraw the payoff matrix after each elimination): Player 2 X Y Z A 6, 4 3, 1 Player 1 7,4 B 4,3 2, 8 4,0 C 0, 1 4,4 5, 6
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