3. Find the dominant and dominated strategies in the following games (in case players have such strategies). Is there any dominant strategy equilibrium in any of these games? (a) Player 2 L R Player 1 U 5,5| 3,6 D 6,3 4,4 (b) Player 2 W X Y A 2,5 4,4| 5,5 | 0,4| 1,5 в 5,3 3,3 4,3 | 2,2 | 1,0 Player 1 C 6,0 3,0 1,1 1,1 | 0,1 D 6,2 3,0 | 4,2 3,2 | 1,2 E 1,1 5,1| 4,2 | 1,0 | 0,2 V

3. Find the dominant and dominated strategies in the following games (in case players have such strategies). Is there any dominant strategy equilibrium in any of these games? (a) Player 2 L R Player 1 U 5,5| 3,6 D 6,3 4,4 (b) Player 2 W X Y A 2,5 4,4| 5,5 | 0,4| 1,5 в 5,3 3,3 4,3 | 2,2 | 1,0 Player 1 C 6,0 3,0 1,1 1,1 | 0,1 D 6,2 3,0 | 4,2 3,2 | 1,2 E 1,1 5,1| 4,2 | 1,0 | 0,2 V

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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