If you take a maximin strategy         A. you are ensuring that the other player gets the worst possible outcome.   B. you are irrational according to economic definition.   C. then both players are doing the best they can given the payoffs in the game.   D. you are getting the best possible outcome given that the other player does the thing​ that's worst for you.

Analyze the following game. Create payoff bimatrices consistent with the information given. Explain your choices. Then find the maximin moves, all dominated strategies for all players. Game: Adam, Bill, and Cindy are registering for a foreign language class independently and simultaneously. The available classes are ITA100 and FRE100. They d not care much which, but they care with whom they share the class. Bill and Cindy want to be in the same class, but want to avoid Adam. Adam wants to be in the same class as Bill or Cindy, or even better, both.

It's a game theory bargaining game problem. I'm not familiar with cursive writing.

QUESTION 4 Suppose there are 2 players in a non- cooperative game theory situation. Player A can move Up or Down while Player B can choose Left or Right. The following matrix contains the payoffs that each player receives under 4 scenarios. The first number in each cell refers to the payoffs for Player A. Player A Up Down A. B. C. 10, 60 D. 20, 80 Player B Suppose Player A moves first and Player B moves second. There is one equilibrium, Up, Left Left There is one equilibrium: Down, Right. 50, 90 40, 50 There are two equilibria, (Down, Left) and (Up, Right) Right There is one equilibrium in this game, Up Right

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Game theory is a useful tool for analyzing Situations in which multiple parties make decisions that do not affect each other. Situations in which multiple parties make decisions with the potential to affect each other. Situations in which multiple parties make decisions. Situations in which one party makes a decision with the potential to affect other parties. Any situation in which a decision must be made.

Prisoner's dilemma refers to Question 34Select one: a. how cooperation beween players leads to everyone losing.  b. how cooperation can be difficult to maintain, even when all players would win.  c. how consumers can maximize their surplus d. how self-interest generates higher profits.

Which of the following is true of a simultaneous-move game? a. It cannot be represented by a payoff matrix. b. It involves strategic interactions among a large number of players. c. All relevant benefits and costs of each action are taken into account. d. Players choose their actions after knowing the action of the first player.

A strategy is called a pure strategy if it involves choosing ________. a. an action that yields a higher payoff to the opponent b. one particular action for a situation c. an action that yields a zero payoff to the player d. different combinations of actions for a situation

Two supermarkets face the following possibilities.                       Superstore     Advertise Don’t Advertise Megastore Advertise $95, $80 $305, $55 Don’t Advertise $65, $285 $165, $115     47. A Nash equilibrium is Group of answer choices for Megastore to advertise and for Superstore to advertise. for Megastore to advertise and for Superstore not to advertise for Megastore not to advertise and for Superstore to advertise. for Megastore not to advertise and for Superstore not to advertise. There is no Nas equilibrium in this rivalry game.