Question

2 True or false (6 pts.) 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

microecon

Answer 1

Since explanation is not asked, the following would be the answers to all the parts, based on general principles of game theory

All the answers are based on basic rules that are followed in Game theory

a) True

b) False

c) True

d) False

e) True

f) False