assignment 3 - If Han chose LP Coa would choose LP If Han...

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A. Describe in words the dominant strategies of Han and Coa using the given information in the payoff matrix. Regardless of what the other chooses, each would choose LP. LP, LP is a dominant strategy. B-Identify the dominant strategy equilibrium for this problem. Yes. If Coa chose LP, Han would choose LP. If Coa chose MP, Han would choose LP.
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Unformatted text preview: If Han chose LP, Coa would choose LP. If Han chose MP, Coa would chose LP. C-There is a Nash equilibrium in this problem. Identify that equilibrium. Yes. (LP, LP) is a dominant strategy. All dominant strategies are Nash Equilibriums. (Not all Nash Equilibriums are Dominant Strategies)....
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