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Answer all questions 2. Let X= {r, y, = } and B= {{x, y), {x, y, = } } and C({r, y} )= {x}. Which

Answer all questions

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2. Let X= {r, y, = } and B= {{x, y), {x, y, = } } and C({r, y} )= {x}. Which of the following are consistent with WARP? a. C((x, y, =) ) = (y} b. C((x, y,=)) = (x} c. C((x, y,=) ) = (=) d. C((x, y,]) = (c,z }Exercise 1. Let y be the extensive game defined in Figure 1. Compute the set of mixed Nash equilibria (of the strategic form) of y. Figure 1: Game y U/ M D 2 (3, 1) (0, 0) (5,1) (1, 1) (4, 0)

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