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Unformatted text preview: tickets? c) Now suppose the airline still cannot distinguish the two type of travelers but offers both type of tickets, at what prices should the firm sell the two types of tickets? Game Theory 1: A Simple 2x2 Game 2. a. Find all the Nash Equilibria of the following game. Remember the standard payoff notation: (Jane, Dick). D Left Right Jane Up (2 , 0) (4 , 2) Down (4, 3) (3 , 0) b. Does Jane have a dominant strategy? Does Dick? Explain how you know this. Game Theory: A 3x3 Game 3. a. Find all Nash equilibria of the following game. Jerry Tom Left Center Right Top 1,0 3,6 2,4 Middle 2,0 2,7 3,5 Bottom 1,2 6,3 5,0 b. Is there any strategy that Tom should never play (This is called a dominated strategy)? If so, what is it? c. Does Tom have a dominant strategy? Does Jerry have a dominant strategy? Explain....
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