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Consider the following zero-sum game:
COLUMN
Left
Right
ROW
Up
0
A
Down
B
c
The entries are the Row player's payoffs, and the numbers A, B, and C are all positive . What other relations between these numbers (for example, A B CJ must be valid for each of the following cases to arise?
(a) At least one of the players has a dominant strategy.
(b) Neither player has a dominant strategy, but there is a Nash equilibrium in pure strategies.
(c) There is no Nash equilibrium in pure strategies, but there is one in mixed strategies.
(d) Given that case c holds, write a formula for Row's probability of choos ing Up. Call this proba bility p, and write it as a function of A, B, and C.
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Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.
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Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.
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