ZuoTi.Pro
Question

QUESTION 7 If a strategy profile is a Nash Equilibrium O a. All the other answer options are correct. b. Players may be using

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

If strategy profile is actually Nash Equilibrium, then it can be mentioned that, it can be a weekly dominated or strictly dominated strategy maximizing the payoffs not motto but finding an equilibrium point where both of them will be satisfied in the payoffs and therefore using strictly dominated strategy or maximizing payoffs are not the cases use a weakly dominated strategy which is a possibility on the whole

Therefore (b) is the answer to this question

0 0
Add a comment
Know the answer?
Add Answer to:
QUESTION 7 If a strategy profile is a Nash Equilibrium O a. All the other answer...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 54 1 pts Which of the following statements is true? o If a strategy is...

    Question 54 1 pts Which of the following statements is true? o If a strategy is weakly dominant, then it is also strictly dominant. None of the other answers is correct. Games with strictly dominant strategies guarantee that players achieve the highest available payoffs in Nash Equilibrium. If a two-player game has a strictly dominant strategy for one player, then it does not necessarily have a strictly dominant strategy for the other player. The prisoners' dilemma game has no strictly...

  • True or false (6 pts.) 2 Indicate whether each of the following statements is true or...

    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...

  • microecon 2 True or false (6 pts.) Indicate whether each of the following statements is true...

    microecon 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...

  • pts.) True or false (6 2 Indicate whether each of the following statements is true or...

    pts.) True or false (6 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. а c. (1 pt.) In a dynamic game, it is always better to...

  • What is correct about a dominant strategy? In Nash equilibrium outcome both players must be giving...

    What is correct about a dominant strategy? In Nash equilibrium outcome both players must be giving their dominant strategy Whether a strategy is dominant or not depends on other players' decisions All games have a dominant strategy A dominant strategy always beats other strategies

  • 1) True or False. If False, supply a reason. a) The Nash equilibrium is a strategy...

    1) True or False. If False, supply a reason. a) The Nash equilibrium is a strategy profile where both players’ payoffs can improve by changing their strategies. b) In an oligopoly, there are a few sellers who can collude and raise prices c) In the prisoners’ dilemma, both players get their highest payoff by pursuing their own self- interest d) In monopolistic competition, each firm generates a deadweight loss, but end up with positive profits. e) In monopolistic competition, firms...

  • 1. (Dominated Strategies) Find strictly dominant strategy, strictly dominated strategy, weakly dominant strategy, and weakly dominated...

    1. (Dominated Strategies) Find strictly dominant strategy, strictly dominated strategy, weakly dominant strategy, and weakly dominated strategy of the following two games("None" may be an answer). Do not forget to discuss about mixed strategies too. (a) (Keio and Waseda) Player 2 K E O Wa 6,1 2,3 0,2 Player 1 Se 3,00,0,0 Da 2,0 1,2 01 b) (NHK BS) Player 2 BS N 41 0,2 Player 1 H 0,0 4,0 Problems 6 and 7 are in the next pages

  • Player lI A 6,6 2,0 В 0,1 а,а Player Consider the game represented above in which...

    Player lI A 6,6 2,0 В 0,1 а,а Player Consider the game represented above in which BOTH Player 1 and Player 2 get a payoff of "a" when the strategy profile played is (B,D). Select the correct answer. If a-1 then strategy B is strictly dominated If a-3/2 then the game has two pure strategy Nash Equilibria. For all values of "a" strategy A is strictly dominant. For small enough values of "a", the profile (A,D) is a pure strategy...

  • Consider the game in strategic form above where A, B, C, and D are strategies and...

    Consider the game in strategic form above where A, B, C, and D are strategies and a, b, c, d, e, f, g, and h, are payoffs. Select all that apply. a. If A is weakly dominated and C is weakly dominant then (B,D) is a Nash equilibrium. b. If b > f and d = h then D is weakly dominated. c. If (A,C) is a Nash Equilibrium then it must be that . d. If a > b...

  • Which of the following statements is not correct? : a) A Cournot equilibrium is an example...

    Which of the following statements is not correct? : a) A Cournot equilibrium is an example of a Nash equilibrium b) There may not be a Nash equilibrium in pure strategies c) A Nash equilibrium maximizes the aggregate payoffs of the players of the game d) A Nash equilibrium is a situation in which each player chooses their best strategy given the strategies chosen by the other players in the game

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT