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z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable. b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9

z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable. b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of these 4 descriptions is correct? 

z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable.
Transcribed Image Text:z is a strictly dominated strategy for player 1. (z,c) i.e. player 1 plays z and player 2 plays c, is a rationalizable strategy profile. There exists some rationalizable mixed strategies. (x,c) i.e. player 1 plays x and player 2 plays c, is not rationalizable.
b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9
Transcribed Image Text:b d. a 4, 4 12, 2 5, 4 4, 5 3,7 8, 7 5, 8 10, 6 х 7, 6 2, 10 9, 5 4, 6 y 4, 4 5, 9 4, 10 10, 9
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