Friday
March 27, 2015

Homework Help: managerial economics

Posted by matherik on Sunday, September 7, 2008 at 11:18pm.

Players A and B are playing a simultaneous moves game and both can choose either strategy S1 or strategy S2. If both choose S1 both receive 0. If both choose S2 both receive -2. If their chosen strategies differ they both receive -4.

(a)Write out a table representing each players strategies and payoffs (payoff matrix).
(b)State the set of strategy profiles.
(c)Suppose player A plays S1. What is Bs best response?
(d)Suppose player B plays S2. What is As best response?
(e)Does A have a dominant strategy?
(f)Is there a unique outcome by elimination of dominated strategies?
(g)What is (or are) the pure strategy NE to this game?
(h)Explain precisely why it is the NE (if more NE just pick one of them). Pick one strategy profile that is NOT a NE and explain precisely why.
(i)Which of the NE do you find most likely to prevail in the real world. Why? What about if the game was played repeatedly?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

managerial economics mathQ6 - A and B are playing a simultaneous moves game. A ...
college microeconomics - Suppose that two players are playing the following game...
microeconomics - . Suppose that two players are playing the following game. ...
Finance - You and your spouse both have good retirement plans through work,and ...
Personal Finance - You and your spouse both have good retirement plans through ...
Science - Which characteristic tells how the Earth and the moon are alike? A. ...
managerial economics - Consider the one-shot, simultaneous move game below, and ...
chemistry - Consider the compound NOCl. In the lewis dot structure, which ...
Science - Check my answers please? Imagine that you remove all the atoms from a ...
Maths Please Help - Alex and Bella play the following game. They first choose a ...

Members