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Suppose Shen and Valerie are playing a game in which both must simultaneously choose the action...


Suppose Shen and Valerie are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Shen chooses Right and Valerie chooses Right, Shen will receive a payoff of 3 and Valerie will receive a payoff of 7. 


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The only dominant strategy in this game is for _______ to choose _______ .


The outcome reflecting the unique Nash equilibrium in this game is as follows: Shen chooses _______  and Valerie chooses _______ .

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Answer #1

Answer
Valerie
Right
Left
Right
The dominant strategy is a strategy which is used by the payer at any time and not influenced by the strategy of the other
Valerie has the dominant strategy of right because the payoff is higher than left at each strategy of the Shen
Shen chooses Left because Shen has the higher payoff on left as the Valerie chooses right

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