Player II A 10 1 1 7 Player c 7 D 11 4 7 8 Consider the game above (for simplici
ID: 2439014 • Letter: P
Question
Player II A 10 1 1 7 Player c 7 D 11 4 7 8 Consider the game above (for simplicity payoffs for player ll have been omited). Select all that apply. G a Strategy E is dominated by A. B b. Strategy A is dominant Strategy A strongly dominates strategy B 3 d. Strategy D weakly dominates E D e strategy D is dominant QUESTION 5 Player II D E A3,34,2 1,4 B 2,0 3,0-1,1 ? 1,1 2-1 0.2 Player Consider the game above. Select all that apply G a F is a dominant strategy a b (AD) is the dominant strategy solution e Strategy D weakdy dominates E ad. The game does not have a dominant strateay solution. D Strategy B weakly dominates C QUESTION Select all the corect statements. If a strategy is strongly dominant, the strategy is also a unique best response to every conjecture about the unique best response to every conjecture about the strategy of the other players a strategy is weakly dominant, the strategy is a best response to every conjecture about the other players strategies C.if a strategy is strongly dominated, the strategy may or may not be a best response. If every strategy oives a player a negative payof, then the player has no best responseExplanation / Answer
Answer 1:
Option (d) is correct. Clearly, since each payoff in strategy D is atleast as great as the paoffs in strategy E.
Option (e) - Strategy D dominates B but doesn't dominates other strategies
Option (a) is incorrect. Since one payoff in A is less than in E
Option (b) and (c) are incorrect.
Answer 2.
Option (a) is correct. F dominates all the other strategies since the payoffs are higher.
Option (b) is incorrect
Option (c) is correct
Option (d) is incorrect. It does have a dominant strategy solution and that is (A,F)
Option (e) is false since one payoff is lower in strategy B than in C.
Answer 3.
Option (a) is correct.
Option (b) is incorrect. It may not be true because the one payoff which is equal in a strategy can have either of the strategies.
Option (c) is incorrect. it will be the best response.
Option(d) is incorrect. This is not true. A negative payoff does not mean that there will be no best response.