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USE EXCEL FORMAT PLS 5. Player A has a RMB 1.00 bill and a RMB 20.00 bill, and Player B has a RMB 5.00 and

USE EXCEL FORMAT PLS

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5. Player A has a RMB 1.00 bill and a RMB 20.00 bill, and Player B has a RMB 5.00 and a RMB 10.00 bill. Each player will select a bill from the other player without knowing what bill the other player selected. If the total of the bills selected is odd, Player A gets both of the two bills that were selected, but if the total is even, Player B gets both bills. a. Develop a payoff matrix for this game. Place the sum of both bills in each cell. b. What are the best strategies for each player? c. What is the value of the game? Which player would you like to be? d. Redo this problem. If the total of the bills is even, Player A gets both of the bills selected, but if the total is odd, Player B gets both bills. 6. For the following two-person, zero sum game, are there any dominated strategies? If so, eliminate any dominated strategy and find the value of the game. Y1 Y2 Y3 X1 4 5 10 X2 3 4 2 X3 8 6 9

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