Exercise 1. Consider the following two person game. Player 2 L R Player 1 T B 4,1 5,2 8,7 3,6 (1) Are there any pure strategy equilibria for this game? If so, find all such equilibria. If not, explain why you know there are no pure strategy equilibria. (2) Are there any other equilibria in mixed strategies? If so, find them.

Exercise 1. Consider the following two person game. Player 2 L R Player 1 T B 4,1 5,2 8,7 3,6 (1) Are there any pure strategy equilibria for this game? If so, find all such equilibria. If not, explain why you know there are no pure strategy equilibria. (2) Are there any other equilibria in mixed strategies? If so, find them.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter8: Game Theory

Section: Chapter Questions

Problem 8.9P

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