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Explain what is meant by a strictly dominated strategy. Using iterated elimination of strictly dominated strategies solve the following game. Carefully explain your working step
- Explain what is meant by a strictly dominated strategy.
- Using iterated elimination of strictly dominated strategies solve the following game. Carefully explain your working step by step.
| Player B | ||||
| X | Y | Z | ||
| Player A | X | 5,4 | 6,9 | 3,8 |
| Y | 10,6 | 8,15 | 6,12 | |
| Z | 7,7 | 7,9 | 7,7 |
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
