ECO210

Hunter College - Cuny

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Solutions to Chapter 4 Exercises
  • Solutions to Chapter 4 Exercises

  • Other • 142 pages • 2023
  • S1. (a) For Rowena, Up strictly dominates Down, so Down may be eliminated. For Colin, Right strictly dominates Left, so Left may be eliminated. These actions leave the pure-strategy Nash equilibrium (Up, Right). (b) Down is dominant for Rowena and Left is dominant for Colin. Equilibrium: (Down, Left) with payoffs of (6, 5). (c) There are no dominated strategies for Rowena. For Colin, Left dominates Middle and Right. Thus these two strategies may be eliminated, leaving only Left. Wi...
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