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> Consider the following representation of a Normal form game. actions 2 y z w a (30,15) (33,29) (41,9) (19,12) b (27,26) (17,46) (24,16) (34,13)
> Consider the following representation of a Normal form game. actions 2 y z w a (30,15) (33,29) (41,9) (19,12) b (27,26) (17,46) (24,16) (34,13) (19,28) (36,10) (36,14) (6,46) (10,43) d (15,40) (45,22) (45,33) Here each cell in the table represents an ordered pair. First element is payoff of the first player and second element is payoff of the second player. The letters a, b, c, d, x, y, z, wrepresent the actions. Write down the table in your answer script too. Now answer the following questions: 1. Perform iterative elimination of dominated strategies on the game. Draw the new table for each iteration as shown in the lecture video. Write corresponding actions at left and up of the table. Explain why are you removing each row or column. Is there any Nash equilibirum? If there is, which one? 2. Draw a fresh copy of the table and mark the best responses. Just table is enough, no need to write down the responses. Do you see any Nash equilibrium? If there is, write down below the table? 3. Do the answers match? Why or why not? Write your own opinion within three sentences. Shorter answers are preferred. > Consider the following representation of a Normal form game. actions 2 y z w a (30,15) (33,29) (41,9) (19,12) b (27,26) (17,46) (24,16) (34,13) (19,28) (36,10) (36,14) (6,46) (10,43) d (15,40) (45,22) (45,33) Here each cell in the table represents an ordered pair. First element is payoff of the first player and second element is payoff of the second player. The letters a, b, c, d, x, y, z, wrepresent the actions. Write down the table in your answer script too. Now answer the following questions: 1. Perform iterative elimination of dominated strategies on the game. Draw the new table for each iteration as shown in the lecture video. Write corresponding actions at left and up of the table. Explain why are you removing each row or column. Is there any Nash equilibirum? If there is, which one? 2. Draw a fresh copy of the table and mark the best responses. Just table is enough, no need to write down the responses. Do you see any Nash equilibrium? If there is, write down below the table? 3. Do the answers match? Why or why not? Write your own opinion within three sentences. Shorter answers are preferred
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