R L S 1,2 T -1,2 3,2 1,5 M м 1,1 2,-1 |4,5 1,3 3.4 0,1 5,4 4,1 B 1,-1 N 4,4 6,1 1,4 a) Find the mixed strategy that dominates M b) Find the set B2 c) Find all the Pareto efficient strategy profiles

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

1.

R
L S
Q
1,2
-1,2
3,2
1,5
T
M
1,1
2,-1
4,5
1,3
3.4
0,1
5,4
4,1
B
1,-1
N
4,4
6,1
1,4
a) Find the mixed strategy that dominates M
b) Find the set B2
c) Find all the Pareto efficient strategy profiles
Transcribed Image Text:R L S Q 1,2 -1,2 3,2 1,5 T M 1,1 2,-1 4,5 1,3 3.4 0,1 5,4 4,1 B 1,-1 N 4,4 6,1 1,4 a) Find the mixed strategy that dominates M b) Find the set B2 c) Find all the Pareto efficient strategy profiles
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