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1. (10 points) Consider the following two-player game:
L
C
R
T
2, 0
1, 1
4, 2
M
3, 4
1, 2
2, 3
B
1, 3
0, 2
3,0
(a) Are there any dominant strategies?
(b) Are there any weakly dominant strategies?
(c) Use the definition seen in class to argue precisely that M is not a weakly dominant
strategy for Player 1.
(d) Which strategy profiles survive IESD?
(e) Find the Nash Equilibria.

Top Answer

a. Yes. T for player 1. b. Yes. T for player 1. c. M is not a weakly dominant strategy because neither... View the full answer

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