PS1_Sol-1.pdf - HE3002 Game Theory(Sem 1 AY2019\/20 Problem Set 1 Solution(Part 1(for tutorial on 3 Sep 2019 1(Dominant and Dominated Strategies(a Yes T

PS1_Sol-1.pdf - HE3002 Game Theory(Sem 1 AY2019/20 Problem...

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HE3002: Game Theory (Sem 1, AY2019/20) Problem Set 1 Solution (Part 1) (for tutorial on 3 Sep 2019) 1. (Dominant and Dominated Strategies.) (a) Yes. T is the strictly dominant strategy for Player 1. (b) Yes. M is strictly dominated by T. B is strictly dominated by T. (c) No. (d) Yes. C is strictly dominated
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Unformatted text preview: L . (Note that R is only weakly dominated by L, not strictly dominated.) (e) Since M and B are strictly dominated by T for Player 1, we eliminate both M and B. From there, both C and R are strictly dominated by L, so we eliminate them. Hence, the IESDS solution is (T,L). 1...
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