Consider the following 2-player game in which player 1 chooses between T and B, and player 2 chooses between L, C and R. The payoffs are presented in…
Consider the following 2-player game in which player 1 chooses between T and B, and player 2 chooses between L, C and R. The payoffs are presented in the table below. (a) Is there a strictly dominated strategy for any player? If so, identify it. (b) Is the strategy profile ((1/2,1/2), (1/4,1/2, 1/4)), a Nash equilibrium, or not? Briefly explain with reference to your answer […]