managerial economics
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 player¡¦s strategies and payoffs (payoff matrix).
(b)State the set of strategy profiles.
(c)Suppose player A plays S1. What is B¡¦s best response?
(d)Suppose player B plays S2. What is A¡¦s 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?
Respond to this Question
Similar Questions

microeconomics
. Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: Player 2 Player 1 Left Right Top 9 4 
managerial economics mathQ6
A and B are playing a simultaneous moves game. A can choose either High or Low and B can choose either Near or Far. If A chooses High and B chooses Near, A receives 5 and B receives 5. If A chooses High and B chooses Far A 
managerial economics
Consider the oneshot, simultaneous move game below, and answer the accompanying questions: Player & Strategy Firm B Left Right Firm A Up 4,4 0,0 Down 0,0 2,2 (a)List the strategies for Firm A and Firm B (b)State the set of 
college microeconomics
Suppose that two players are playing the following game. Player 1 can choose either top or bottom, and Player 2 can choose either left of right. The payoffs are given in the following table Player 2 Left Right top 9,4 2,3 Player 1 
International Business: Please Check Answer
Hi, Please help me! I need to know is these is the correct answer for these questions. Thanks for your help! Some countries try to hold the value of their currency within some range against an important reference currency. This is 
game theory
Consider the following game. Player 2 L R U 6, 1 ........8, 3 Player 1 UM 4, 9........8, 4 DM 7, 2 ............6, 9 D 5, 4...........9, 3 (a) Is there a mixed strategy Nash equilibrium in which player 1 is placing positive 
economics
Two companies, A and B, produce widgets. Each can produce 0, 1, 2, 3, or 4 widgets (they canâ€™t produce fractions of widgets). Let X be the number of units produced by A, and Y be the number of units produced by B. Given X 
Business: Help Is Needed ASAP
Help Is Needed ASAP Hi, Please help me! I need to know is these is the correct answer for these questions. Thanks for your help! Some countries try to hold the value of their currency within some range against an important 
game theory
Two companies, A and B, produce widgets. Each can produce 0, 1, 2, 3, or 4 widgets (they canâ€™t produce fractions of widgets). Let X be the number of units produced by A, and Y be the number of units produced by B. Given X 
Science
You are a scientist hired by the ministry to investigate its anticollision strategies. Choose one of the five strategies above. Outline a procedure to test how well the strategy works. I've chosen adding highway lighting to