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...

• Homework Help
• 1

This preview shows page 1 out of 1 page.

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

#### You've reached the end of your free preview.

Want to read the whole page?

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...
View Full Document

• Spring '17

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern