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Consider the following game in strategic or normal form. A2 B2 C2 A1 1,0 1,2 -2,1 B1 6,2 0,3 2,3 C1 2,2 -2,1 2,3 Use
- Consider the following game in strategic or normal form.
A2 | B2 | C2 | |
A1 | 1,0 | 1,2 | -2,1 |
B1 | 6,2 | 0,3 | 2,3 |
C1 | 2,2 | -2,1 | 2,3 |
- Use the iterative elimination of strictly dominated strategies to reduce the game as much as possible.
- What is the set of rationalizable strategies for each player?
- What is/are Nash equilibrium(s) in this game?
- Explain the differences between cooperative and non-cooperative games. What are the fundamental hypotheses about the behavior of the persons in Game theory?
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PART A In the game above player A has two strategies A1 and A2 Player B has two strategies B1 and B2 ...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
