7. Use a matrix to model a two-player game of rock-paperscissors with a payoff of 1 if...

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7. Use a matrix to model a two-player game of rock-paperscissors with a payoff of 1 if you win, –1 if you lose, and 0 if you tie.

a. Draw the payoff matrix for this game.

b. Is there an equilibrium in this game where players use pure strategies?

c. Why should you use a mixed strategy to play this game?

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Microeconomics

ISBN: 9781292214351

2nd Global Edition

Authors: Daron Acemoglu, David Laibson, John List

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Question Posted: Nov 18, 2024 06:00 AM

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7. Use a matrix to model a two-player game of rock-paperscissors with a payoff of 1 if...

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Microeconomics

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