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I need help answering this, the answers before are incorrect. 1. I need to fill in the chart 2. b. Player 1's dominant strategy: is
I need help answering this, the answers before are incorrect.
1. I need to fill in the chart
2. b. Player 1's dominant strategy: is it B, A or No dominant strategy exists 2.b Player 2's dominant strategy: is it B, A or No dominant strategy exists
3.C. c. Find the Nash equilibrium of this game. choices (A,A), (B,B) (B,A) (A,B)
4 D. d. Which strategy pair has the highest aggregate payoff? (A,B) (B,B) (A,A), (B,A)
5. E e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Yes or No ?
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $400. If both players choose strategy B each earns a payoff of $200. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $100 and player 2 earns $600. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $600 and player 2 earns $100. a. Write the above game in normal form. Player 1 b. Find each player's dominant strategy, if it exists. Player 1's dominant strategy: | (Click to select) v | . Player 2's dominant strategy: | (Click to select) +|. c. Find the Nash equilibrium of this game. Player 1 Strategy A B A +A $ B tA b. Find each player's dominant strategy, if it exists. Player 1's dominant strategy: (Click to select) v Player 2's dominant strategy: (Click to select) v c. Find the Nash equilibrium of this game. (Click to select) v d. Which strategy pair has the highest aggregate payoff? (Click to select) v e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? (Click to select) vStep by Step Solution
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