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1. Find all NE of the following 2×2 game. Determine which of the NE are trembling-hand perfect.
2. Consider the following two-person game where player 1 has three strategies and player 2 has two strategies. Find all NE of the game.
Hint: this game can be reduced to a 2 × 2 game by eliminating strictly dominated strategies.
3. Consider the following two-person game where each player has three strategies. Find all NE of the game.
Hint: Use the symmetric nature of the game. Also note that since a player has three strategies, its mixed strategy can be one of the following forms: (i) mix only two out of three and (ii) mix all three.
How much time you want to spend on this material willdepend on the focus of your course. For many social sciencecourses, a general exposure to the ideas, based on a quick runthroug
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A strategy is strictly dominant if, no matter what the other players do, the strategy earns a player a strictly higher payoff than the other. Hence, a method is strictly dominant i
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How did link die
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