Use the following payoff matrix to answer the following questions. Player 2 Stra
ID: 1093901 • Letter: U
Question
Use the following payoff matrix to answer the following questions.
Player 2
Strategy
C
D
Player 1
A
-10, -10
200, -100
B
-100, 220
140, 180
Suppose this is a one-shot game:
a. Determine the dominant strategy for each player, if it exists.
Player 1's dominant strategy:
A
B
A dominant strategy does not exist.
Player 2's dominant strategy:
A dominant strategy does not exist
C
D.
b. Determine the secure strategy for each player, if it exists.
Player 1's secure strategy:
A
A dominant strategy does not exist
B.
Player 2's secure strategy:
A dominant strategy does not exist
C
D.
c. Determine the Nash equilibrium of this game.
(A,D)
(B,C)
(A,C)
(B,D)
Player 2
Strategy
C
D
Player 1
A
-10, -10
200, -100
B
-100, 220
140, 180
Explanation / Answer
a) Player 1's dominant strategy : A
Player 2's dominant strategy : C
b) Player 1's secure strategy : A
Player 2's secure strategy : C
c) Nash eq : (A,C)