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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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)....
View Full Document

Ask a homework question - tutors are online