Please solve in 30 minute Exercise 1Given the following bimatrix game(3,4) (2, 5) (5, 2)(2,0) (4, 4) (6,0)(1, а) (5, 6) (b, 8)with a, b two real parameters:1. find a, b such that the game is a potential game;2. for every a, beR find the best response of the second player to strategy (, 0, ) of the first player;3. find all mixed Nash equilibria profiles for a < 5 and b = 7;4. find all mixed Nash equilibria profiles for a < 5 and b = 0.

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Given the following bimatrix game Exercise 1 (3,4) (2,5) (5,2) (2,0) (4,4) (6.0) with a, b two real parameters: 1. find a, b such that the game is a potential game; 2. for every a, b € R find the best response of the second player to strategy (1, 0, 1) of the first player; 3. find all mixed Nash equilibria profiles for a < 5 and b = 7; 4. find all mixed Nash equilibria profiles for a < 5 and b = 0.

Given the following bimatrix game Exercise 1 (3,4) (2,5) (5,2) (2,0) (4,4) (6.0) with a, b two real parameters: 1. find a, b such that the game is a potential game; 2. for every a, b € R find the best response of the second player to strategy (1, 0, 1) of the first player; 3. find all mixed Nash equilibria profiles for a < 5 and b = 7; 4. find all mixed Nash equilibria profiles for a < 5 and b = 0.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter7: Uncertainty

Section: Chapter Questions

Problem 7.3P

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