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1. Answer the questions below for the following strategic game. Table 1: Payoff Matrix L M R U 1,2 2,1 1,0 C 2,1 0,1

 

1. Answer the questions below for the following strategic game. Table 1: Payoff Matrix L M R U 1,2 2,1 1,0 C 2,1 0,1 0,0 D 0,1 0,0 1,2 (a) What are the strictly dominated action for player 1 and player 2 (if there is any)? (b) What are the weakly dominated action for player 1 and player 2 (if there is any)? (c) What are the action profiles that survive Iterated Elimination of Strictly Dominated (IESD) actions? (d) What are the action profiles that survive Iterated Elimination of Weakly Dominated (IEWD) actions? (e) Find the pure Nash Equilibria. (f) Do all Nash equilibria survive IESD/IEWD actions?

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