The following two tables (A) and (B) represents two players X and Y in a game that has two strategies, and for each player. The variable? 5represents time, where in game (A) the best payoff is in terms of minimum time taken and in game (B), the best payoff is in terms of maximum time taken.

A.

1. a)Does the game (A) or (B) have dominant a strategy? If so state which strategy is dominant for each game?
2. b)What is the Nash equilibria and the resultant optimal strategy for game (A)? And for game (B)?
3. c)Does any of the game (A) or (B) meet the criteria of being labelled as a Prisoners Dilemma? Justify your reason.
4. d)List down the characteristics of a Prisoners Dilemma game?

Safari File Edit View History Bookmarks Window Help 1 9 8 32% Wed 23:43 h learn-eu-central-1-prod-fleet01-xythos.s3-eu-central-1.amazonaws.com C Radi Problem Set 2... https://learn-e... simultaneous... Course Hero www.cdam.Ise.... Given two gam... Premier Memb (8) Game Theo... Game Theory... https://learn-e... https://etd.ohio... + (B), the best payoff is in terms of maximum time taken. A. a B a 2t, 2t t - 4, t2 X B t2, t - 4 t - 2, t - 2 B Y a B a t,t + 1 t - 2, t X B t + 1, t - 2 t - 1,t - 1 a) Does the game (A) or (B) have dominant a strategy? If so state which strategy is dominant for each game? b) What is the Nash equilibria and the resultant optimal strategy for game (A)? And for game (B)? 25 W