problemset1

problemset1 - Problem Set 1 Ben Polak, Econ 159a/MGT522a....

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Problem Set 1 Ben Polak, Econ 159a/MGT522a. Four Questions due September 19, 2007. 1. Strictly and Weakly Dominated Strategies? example of a two-player game matrix where one player has three strategies, one of which is strictly dominated; and the other player has three strategies, one of which is weakly (but not strictly) dominated. Indicate the dominated strategies. 2. Iterative Deletion of (weakly) Dominated Strategies Consider the following two-player game 2 l c r T 1 ; 1 0 ; 1 3 ; 1 1 M 1 ; 0 2 ; 2 1 ; 3 D 1 ; 3 3 ; 1 2 ; 2 (a) Are there any strictly dominated strategies? Are there any weakly dominated strategies? If so, explain what dominates what and how. (b) After deleting any strictly or weakly dominated strategies, are there any strictly or weakly dominated strategies in the ‘reduced’ game? If so, explain what dominates what and how. What is left? (c)
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problemset1 - Problem Set 1 Ben Polak, Econ 159a/MGT522a....

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