The following table describes a 2-player game with 2 possible strategies, X and Y. Choose the smallest possible integers a and b such that (Y,X) is a Nash equilibrium.
X Y
X (7.17,7.05) (4.07,4.37)
Y (a,b) (1.25,5.67)
a=?
b=?
The following table describes a 2-player game with 2 possible strategies, X and Y. Choose the...
Find the optimum strategies for player A and player in the game represented by the following payoff matrix. Find the value of the game. What is the optimum strategy for player A? Choose the correct answer below, and fill in the answer box(es) to complete your choice. (Type integers or simplified fractions.) O A. The game is strictly determined. Player A should choose row and row 2 with probability O B . The game is not strictly determined. Player A...
2. consider the following simultaneous move game. Player B LEFT RIGHT Player A UP 4,1 1,4 DOWN 2,3 3,2 a. If there is a Nash equilibrium in pure strategies, what is it and what are the payoffs? b. If there is a Nash equilibrium in mixed strategies, what is it and what are the expected payoffs? 3. Continue with the previous game but suppose this was a sequential game where Player A got to go first. a. Diagram the game...
Question 3: [5pt total] Consider the following game: Player 1 Player 2 X Y Z A 4,0 -3,8 -7, -1 B-4,3 0,6 9,5 C3,2 2,-1 11, 9 Let B1(-) and B2(-) be the best response function for player 1 and player 2 respectively. Calculate the following: 3)a) [1pt] B1(X) 3)b) [1pt] B2(B) 3)c) (1pt] Social Welfare Maximum: 3)d) [1pt] Dominant Strategies for Player 1: 3)) [1pt] Pure Nash Equilibriums:
13. Consider the following n-player game. Simultaneously and independently, the players each select either X, Y, or Z. The payoffs are defined as follows. Each player who selects X obtains a payoff equal to y, where y is the num- ber of players who select Z. Each player who selects Y obtains a payoff of 2a, where a is the number of players who select X. Each player who selects Z obtains a payoff of 3B, where ß is the...
3. Consider the following game in normal form. Player 1 is the "row" player with strate- gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, z. The game is presented in the following matrix: W Z X y a 3,3 2,1 0,2 2,1 b 1,1 1,2 1,0 1,4 0,0 1,0 3,2 1,1 d 0,0 0,5 0,2 3,1 с Find all the Nash equilibria in the game in pure strategies.
find any dominant strategies and any nash equilibrium Player 2 X Y 10,10 15,5 Player 5, 15 12, 12
2. Suppose you know the following about a particular two-player game: S1- A, B, C], S2 (X, Y, Z], uI(A, X) 6, u1(A, Y) 0, and u1(A, Z)-0. In addition, suppose you know that the game has a mixed-strategy Nash equilibrium in which (a) the players select each of their strategies with posi- tive probability, (b) player 1's expected payoff in equilibrium is 4, and (c) player 2's expected payoff in equilibrium is 6. Do you have enough infor- mation...
1. Consider the following game in normal form. Player 1 is the "row" player with strate- gies a, b, c, d and Player 2 is the "column" player with strategies w, x, y, 2. The game is presented in the following matrix: a b c d w 3,3 1,1 0,0 0,0 x 2,1 1,2 1,0 0,5 y 0,2 1,0 3, 2 0,2 z 2,1 1,4 1,1 3,1 (a) Find the set of rationalizable strategies. (b) Find the set of Nash...
a) Eliminate strictly dominated strategies.b) If the game does not have a pure strategy Nash equilibrium,find the mixed strategy Nash equilibrium for the smaller game(after eliminating dominated strategies). Player 2Player 1abcA4,33,22,4B1,35,33,3
A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and: Select one: a. neither player plays their dominant strategy. b. each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy. c. each player's payoff is lower when both play their dominant strategy than when both play their dominated strategy. d. there is a Nash equilibrium that yields the highest payoff for...