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(Solved): The 1st blank choices (Trinity -Antonio) 2nd, 3rd and 4th choices (Down- UP) Please, do original w ...
2nd, 3rd and 4th choices (Down- UP)
Please, do original work!
7. Solving for dominant strategies and the Nash equilibrium Suppose Antonio and Trinity are playing a game that requires both to simultaneously choose an action: Up or Down. The payoff matrix that follows shows the earnings of each person as a function of both of their choices. For example, the upper-right cell shows that if Antonio chooses Up and Trinity chooses Down, Antonio will receive a payoff of 6 and Trinity will receive a payoff of 4 . In this game, the only dominant strategy is for to choose The outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses and Trinity chooses
Expert Answer
Answer -) In this game, the only dominant strategy is for Trinity to choose Down. If Trinity plays Up, then Antonio will play Up because by playing Up