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This question will explore the relationship between strictly dominant strategies and mixed strategy Nash equilibria. a. Give an example (but not one from lecture, textbook,
This question will explore the relationship between strictly dominant strategies and mixed strategy Nash equilibria. a. Give an example (but not one from lecture, textbook, section, or any assignments) of a 2x2 payoff matrix (2 players and 2 strategies per player) where Player 1 has a strictly dominant strategy. Explain. b. Does your matrix from (a) have any mixed-strategy Nash equilibria? Explain. c. Building on your answer to (b): Consider, in general, a 2x2 game where one player has a strictly dominant strategy. Do you think this game will have mixed strategy Nash equilibria (i) always, (ii) sometimes, or (iii) never? Offer an intuitive explanation in 2-4 sentences
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