Question

D E A 7,1 1,1 В 5,2 5,2 С 1,1 7,1 Player Consider the strategic form game above and select all that apply The game has two pure strategy Nash Equilibria Strategy B is a best response to strategy D. There is a mixed strategy equilibrium in the game. In the mixed strategy Nash Equilibrium of the game Player 1 randomizes between A and C.

I SEE THAT SOME PEOPLE SAY A, AND OTHERS SAY C. WHICH ONE IS CORRECT, OR ARE THEY BOTH CORRECT?

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Answer #1

Option C.

The above mentioned game does not have an equilibrium in pure strategy. Because in all the cases, the another person has an incentive to deviate from the strategy. Since there is no equilibrium in pure strategy, the game will have equilibrium in mixed strategy.Thus, there is mixed strategy equilibrium in the game.

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