Two players, Player 1 and Player 2, are playing a game with two possible strategies A and B. Profits for each possibleoutcome are shown in the following table. Answer which statement is correct:Player 2ABPlayer 1A2.2-1.5B5.-1-3.-5Select one:O a. The equilibrium in mixed strategies is {(2/5, 3/5), (2/3, 1/3)}O b. There are two Nash equilibrium in pure strategies: [AB] and [A,A]O c. The equilibrium in mixed strategies is ((4/7, 3/7), (2/5, 3/5)}Od. There are two Nash equilibrium in pure strategies: [5,-1] and [-1,5]

The mixed strategy equilibrium in a game is said to be a situation where there is randomized…

Two players, Player 1 and Player 2, are playing a game with two possible strategies A and B. Profits for each possible outcome are shown in the following table. Answer which statement is correct: Player 2 A B Player 1 A 2.2 -1.5 ཟླ 5.-1 -3.-5 Select one: Oa. The equilibrium in mixed strategies is {(2/5, 3/5). (2/3, 1/3)} Ob. There are two Nash equilibrium in pure strategies: [AB] and [A,A] O c. The equilibrium in mixed strategies is ((4/7, 3/7), (2/5, 3/5)} O d. There are two Nash equilibrium in pure strategies: [5-1] and [-1,5]

Two players, Player 1 and Player 2, are playing a game with two possible strategies A and B. Profits for each possible outcome are shown in the following table. Answer which statement is correct: Player 2 A B Player 1 A 2.2 -1.5 ཟླ 5.-1 -3.-5 Select one: Oa. The equilibrium in mixed strategies is {(2/5, 3/5). (2/3, 1/3)} Ob. There are two Nash equilibrium in pure strategies: [AB] and [A,A] O c. The equilibrium in mixed strategies is ((4/7, 3/7), (2/5, 3/5)} O d. There are two Nash equilibrium in pure strategies: [5-1] and [-1,5]

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter15: Strategic Games

Section: Chapter Questions

Problem 3MC

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Mark and Bevis play a static game. Mark chooses x and Bevis chooses y. Mark's payoff is 16 - (x- y)2, and Bevis' payoff is 16 - (x-0.5)2 - (y-0.5)2. Then O a. both Mark and Bevis have dominant strategies O b. Mark has a dominant strategy, but Bevis does not O c. Bevis has a dominant strategy, but Mark does not O d. neither Mark or Bevis have dominant strategies
The following payoff matrix represents a simultaneous-move game between two players: Kay and Jack. Each player has two choices: Black or White. The first number in each cell is the payoff to Kay, and the second number is the payoff to Jack. Jay Black White 50, 30, Black 50 30 Кay 45, 40, White 30 50 Refer to the scenario above. Which is true? a. This game has a dominant strategy equilibrium. b. This game has two dominant strategy equilibria. c. This game has two Nash equilibria. d. This game has one Nash equilibrium.
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