In this game, which of the player(s) has/have a dominant strategy?
A. Player 1 has a dominant strategy
B. Player 2 has a dominant strategy
C. Both players have a dominant strategy
Ans) the correct option is c) Both players have a dominant strategy
Player 1 has a dominant strategy of fink. Player 2 has a dominant strategy of silent
In this game, which of the player(s) has/have a dominant strategy? A. Player 1 has a...
Choose a,b,c,d
12. In the game above, who has dominant strategy? A) Player A has a dominant strategy C) B) Player B has a dominant strategy Both players have dominant strategies. D) Neither player has a dominant strategy 13. Which one is the Nash equilibrium? A) firm A competition, firm B competition. C) firm A collusion, firm B competition. B) firm A competition, firm B collusion. D) firm A collusion, firm B collusion. In the following game, all payoffs are...
QUESTION 6 Consider the following game. Player 1 can choose Strategy A or B while Player 2 can choose Strategy Y or Z Strategy Y Strategy Z Strategy A 1, 10 1, -5,000 Strategy B 2, 0 2, 2 Which of the following statements is correct? Both players have a dominant strategy Neither player has a dominant strategy Player 1 has a dominant strategy but Player does not Player 1 does not have a dominant strategy but player 2 does
Check my work In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a choose strategy B, each earns a payoff of $200. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $100 and player 2 earns $600. If player 1 chooses strategy Band player 2 chooses strategy A, then player 1 earns $600 and player 2 earns $100. payoff...
1. (60 marks) Consider a two-person game, in which every player has two pure strategies to play. The payoff matrix of the game is as follows Strategy 2 Player One Player Two Strategy I Strategy II Strategy 1 0,0 1,3 1,1 Find all the Nash equilibria of the game.
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $18. If both players choose strategy B, each earns a payoff of $28. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $62 and player 2 earns $13. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $13 and player...
When the player of a game chooses a dominant strategy, Select one: a. it is the best strategy only if other players are cooperative b. it is always leads to a Nash equilibrium that makes all players equally well off c. the game can never reach a Nash equilibrium d. it is the best strategy, regardless of choices made by other players
onsider the following two person static game where Player 1 is the row player and Player 2 is the column player C D E A 1,1 0,2 2,0 B 0,0 1,-1 -1,3 a. There is an equilibrium where Player 1 plays A with probability 3/4. b. There is an equilibrium where Player 1 plays A with probability 2/3. c. There is an equilibrium where Player 1 plays A with probability 1/2. d. There is no mixed strategy Nash equilibrium.
player 2 H T player 1 H 1,-1 -1,1 T -1,1 1,-1 Consider a game of matching pennies as described above. If the pennies match player 2 pays player 1 $1 (both get head or tail). If the pennies are not matched player 1 pays player 2 $1 ( head , tail or tail , head). H represents heads and T represents Tails 1. (2 points) What is the set of strategies for each player? 2. (5 points) Is there...
A game is a strategic interaction between two players. Each player has their own sets of actions called the strategies. Each strategy comes with a definite outcome, these outcomes are tied to some profit or loss called the payoff. One of the favorite examples of game theory is the Prisoners' dilemma. In this game, two partners of crime are caught by police and held in different cells being interrogated separately. Both have two options, either to confess or be silent....
Q.2 Consider the following normal-form game: Player 2 Player 1 3,2 1,1 -1,3 R. 0,0 Q.2.a Identify the pure-strategy Nash equilibria. Q.2.b Identify the mixed-strategy Nash equilibria Q.2.c Calculate each player's expected equilibrium payoff.