Iterated elimination of dominated strategies, Macroeconomics

1. Consider the following game:

1502_LMR.png

a) Does either player have a dominant strategy?

b) Does either player have a (pure) prudent strategy?

c) Does the game have a saddlepoint in pure strategies?

2. Consider the following game:

190_ST.png

a) Does either player have dominated strategies?

b) Reduce the game matrix by the iterated elimination of dominated strategies (IEDS), and draw the new game in normal form.

c) Does either player have a (pure) prudent strategy?

d) Does the game have a saddlepoint in pure strategies?

e) Does the game have a saddlepoint in mixed strategies?

f) What is the value of the game?

3. Consider the following game:

873_ST1.png

a) Does either player have a (pure) prudent strategy?

b) Does the game have a saddlepoint in pure strategies?

c) Does the game have a saddlepoint in mixed strategies?

d) What is the value of the game?

Posted Date: 3/9/2013 4:38:17 AM | Location : United States







Related Discussions:- Iterated elimination of dominated strategies, Assignment Help, Ask Question on Iterated elimination of dominated strategies, Get Answer, Expert's Help, Iterated elimination of dominated strategies Discussions

Write discussion on Iterated elimination of dominated strategies
Your posts are moderated
Related Questions
In general, economists have found that as nations' levels of per capita real Gross Domestic Product (GDP) increase, A. the rate of population growth declines. B. the rate of

what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth

Gross Domestic Savings  Income not devoted to current consumption is saved. In an economy during a particular year some units will consume less than their income while some wi

Q. AS-AD model with inflation? When we have inflation, both AD curve and AS curve will be gliding. 'The glide rate' of the AD curve is given by Π M whereas it is Π W that appli

For each of the host countries you have selected for examination (PEST-C analysis), conduct a preliminary assessment of the geographic, economic, social-cultural, and political-leg

EXPLAIN ANY FIVE USES OF NATIONAL INCOME STATISTICS

1. To assess your ability to conduct quantitative data analysis and interpret the results of data analysis introduced inForecasting Trend. 2. To assess your ability to communicate

RELATIONSHIP WITH 8 VARIANTS OF NATIONAL PRODUCT AGGREGATES  We have shown the distinction between national product at market prices and national product at factor cost, based

Explain about economic cycle The economic cycle is a period of approximately 6 or 7 years in which the economy completes a cycle of downturn, recovery, recession, and boom. A p

Q. Describe about Components of GDP? By considering all arrows to and from the goods market we see that Y + I m = C + I + G + X. Left hand side is the value of all finishe