ECO210
Hunter College - Cuny
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Solutions to Chapter 4 Exercises
- Andere • 142 Seiten • 2023
- 9,07 €
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S1. (a) For Rowena, Up strictly dominates Down, so Down may be eliminated. For Colin, Right
strictly dominates Left, so Left may be eliminated. These actions leave the pure-strategy Nash equilibrium
(Up, Right).
(b) Down is dominant for Rowena and Left is dominant for Colin. Equilibrium: (Down, Left)
with payoffs of (6, 5).
(c) There are no dominated strategies for Rowena. For Colin, Left dominates Middle and
Right. Thus these two strategies may be eliminated, leaving only Left. Wi...
Andere
Solutions to Chapter 4 Exercises
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S1. (a) For Rowena, Up strictly dominates Down, so Down may be eliminated. For Colin, Right strictly dominates Left, so Left may be eliminated. These actions leave the pure-strategy Nash equilibrium (Up, Right). (b) Down is dominant for Rowena and Left is dominant for Colin. Equilibrium: (Down, Left) with payoffs of (6, 5). (c) There are no dominated strategies for Rowena. For Colin, Left dominates Middle and Right. Thus these two strategies may be eliminated, leaving only Left. Wi...
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