QUESTION 4 Player lI A 3,3 4,2 1,4 ayer B 2,0 3,0 1,1 C 11 2,-1 0,2 Consider the

Question

QUESTION 4 Player lI A 3,3 4,2 1,4 ayer B 2,0 3,0 1,1 C 11 2,-1 0,2 Consider the game above. Select all that apply a Strategy D weakly dominates E b. Strategy B weakly dominates c. C. F is a dominant strategy d. The game does not have a dominant strategy solution e. (AD) is the dominant strategy solution. QUESTION 5 Player lI A 10,3 2,-2 10,-1 Player 3,-3 4,3 7-2 C 2,5 3,0 6,1 In the strategic form game above, the set of rationalizable strategies for players 1 and 2 are respectively o a (AD) and (B.E) o b (A) and (D) c (ABC) and (DEF) o d (A B) and (DE

Explanation / Answer

4 F is a dominant strategy since no matter what player 1 does payoff of player 2 is greater by choosing F

5 AD and BE because then payoff of player 1 and 2 are highest given the strategy of other player.

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