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Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or
Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. PlayerA has _____________________ , and player B has ___________________ O a dominant strategy to play Top; a dominant strategy to play Left. 0 no dominant strategy; a dominant strategy to play Left. 0 a dominant strategy to play Bottom; no dominant strategy. no dominant strategy; a dominant strategy to play Right 0 None of these Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. The Nash Equilibrium in pure strategies in this game is Top/ Left 0 Topf Right 0 Bottom/ Left 0 Bottom/ Right 0 None of these Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. If each player plays their maximin strategy, the outcome of the game will be Right Player A Top O Top/Left O Top/Right 0 Bottom/ Left 0 Bottom/ Right 250 for Tracy Y 175 for Amy Amy Chooses 300 for Tracy 150 for Amy X Tracy Chooses 75 for Tracy 7 150 for Amy Amy Chooses 275 for Tracy 140 for Amy Refer to the Game Tree above: If both players are trying to maximize their own payoffs, the likely outcome of this game is that O Tracy gets 250 and Amy gets 175. Tracy gets 300 and Amy gets 150. O Tracy gets 75 and Amy gets 150. O Tracy gets 275 and Amy gets 140
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