Question

True or false (6 pts.) 2 Indicate whether each of the following statements is true or false. You do not need to provide an explanation this time just true or false. a. (1 pt.) Every static game has at least one pure strategy Nash equilibrium b. (1 pt.) If a strategy is weakly dominant, then it is a best response against any strategy chosen by the other player. c. (1 pt.) In a dynamic game, it is always better to go first. d. (1 pt.) Every pure strategy Nash equilibrium is also a dominant strategy solution e. (1 pt.) If a player has a strictly dominant strategy, then all of her other strategies must be strictly dominated. f. (1 pt.) When deciding which action to take, each player tries to maximize the sum of the players' equilibrium payoffs

Answer 1

a. False. It could be possible that there doesn't exist a pure strategy equilibrium.

b. False

c. True

d. False

e. True

f. False. Because player just tries to maximize his own payoff only