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
if the price elasticity of demand is computed for two products, and product A measures .79 , and product B measures 1.6 , then ? a. product A is more price elastic than product

Automobiles arrive at the Elkhart exit of the Indiana Toll Road at the rate of two per minute. The distribution of arrivals approximates a Poisson distribution. A) What is the prob

Which of the following is an important consideration in short run factor-proportions trade analysis? a. Comparative advantages only occur in theory. b. Specific factors are a

Which of the following is a result of an export subsidy? a. The imposing nation always benefits from an export subsidy. b. The imposing nation suffers a terms of trade loss from an

America can produce 100 shirts or 20 computers and China can produce 100 shirts or 10 computers. With trade, who exports shirts? Which country benefits from the trade?

Q. Assumptions of the AS-AD model? The most significant change we make going from IS-LM model to AS-AD model is to allow P to be endogenous. As P was constant in IS-LM model, w

Kennesaw University Professor Frank A. Adams III and Auburn University Professors A. H. Barnett and David L. Kaser man recently estimated the effect of legalizing the sale of cadav

It's been three weeks since you started working for BioMed and there's still no trace of Selwyn. That means you're still BioMed's resident economic expert. Harry the CEO was ple

Q. Illustrate diffrent types of money? In most countries, one may identify two 'types of money': Bank deposits Currency and coins   The total value of all th

Explain the Real wage with example Consider following scenario. You work full time and during January 2008 you make 2000 euro after tax. A specific basket of services and good