A group of 10 students are matched into pairs to play rock paper scissors. They must simultaneously make a shape with their hand; scissors beats paper, paper beats rock and rock beats scissors. The payoffs are R P S R 1,1 0,2 2,0 P 2,0 1,1 0,2 S 0,2 2,0 1,1 The […]
Tag Archives: Nash Equilibrium
Do you have a dominant strategy? Explain.Does your friend have a dominant strategy?
Construct a payoff matrix with two choices for each player: ET (for Eiffel Tower strategy) and AdT (for Arc de Triomphe) strategy. Fill the cells with the correct payoffs. (6 points) Do you have a dominant strategy? Explain. (6 points) Does your friend have a dominant strategy? Explain. (6 points) Of the 4 possible outcomes, […]
