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1.) Consider 3x3 game given by the following matrix P2 L M R P1 U 7,6 3,0 6,5 C 1,3 4,4 0,2 D 8,7 2,1 5,8 a) Does IESDS reduce the game? Does it reduce it to a single pair of strategies? Why or why...

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1.) Consider 3x3 game given by the following matrix

P2

L

M

R

P1

U

7,6

3,0

6,5

C

1,3

4,4

0,2

D

8,7

2,1

5,8

a) Does IESDS reduce the game? Does it reduce it to a single pair of strategies? Why or why not?

b) Does Nash equilibrium exist? If yes find it.

c) What can you conclude from a) and b)?

d) Can this situation occur in 2x2 games? Justify?

Answered Same Day Dec 26, 2021

Solution

David answered on Dec 26 2021
123 Votes
1.) Consider 3x3 game given by the following matrix
P2
L M R
P1
U 7,6 3,0 6,5
C 1,3 4,4 0,2
D 8,7 2,1 5,8
a) Does IESDS reduce the game? Does it reduce it to a single pair of strategies?
Why or why not?
No IESDS does not reduce the game. This is so since neither for player 1 nor for
player 2 such a strategy exists which strictly dominates any other strategy of that
player. Thus any elimination of...
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