Question:
In a two-player game, player 1 can choose either M or N as strategies. Player 2 can choose either X, Y, or Z as strategies. The payoff matrix is as follows:
a X Y Z M 3, 1 0, 0 −1, 2 N 0, 0 1, 3 0.5, 1
Which set of strategy profiles survives iterated elimination of strictly dominated strategies?
In a two-player game, player 1 can choose either M or N as strategies. Player 2 can choose either X, Y, or Z as strategies. The payoff matrix is as follows:
| a | X | Y | Z |
| M | 3, 1 | 0, 0 | −1, 2 |
| N | 0, 0 | 1, 3 | 0.5, 1 |
Which set of strategy profiles survives iterated elimination of strictly dominated strategies?
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Updated On: Oct 1, 2024
- (N, Y)
- (M, X)
- (N, Z)
- (M, Z)
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The Correct Option is A
Solution and Explanation
The correct answer is (A) : (N, Y)
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