Unformatted text preview: 3. Graph and describe the equilibrium in the kinked demand model. 4. Describe the Cournot model. 5. Graph and describe the equilibrium in the price leadership model. 6. Be able to define and understand the significance of the following (in game theory): a payoff matrix, a dominant strategy, a maxmin strategy, a Nash equilibrium. 7. Given a payoff matrix, know how to identify dominant strategies, maxmin strategies and a Nash equilibrium....
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 Spring '07
 Hansen
 Microeconomics, Game Theory, payoff matrix, University of Wisconsin Department of Economics Economics, Microeconomics Korinna K.

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