1\2 X Y Z A 8,6 12,5 5,2 B 4,8 8,10 10,12 Suppose Player 2 believes Player 1 will pay a mixed strategy θ1 (A,B) = (θ, 1- θ). Find a range of the frequency of play of A (i.e., values of θ) that makes the pure strategy Y a best response. The minimum value of θ = _____ The maximum value of θ = _____

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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1\2

X

Y

Z

A

8,6

12,5

5,2

B

4,8

8,10

10,12

Suppose Player 2 believes Player 1 will pay a mixed strategy θ1 (A,B) = (θ, 1- θ).

Find a range of the frequency of play of A (i.e., values of θ) that makes the pure strategy Y a best response.

The minimum value of θ = _____

The maximum value of θ = _____

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