Questions
Questions

SESS0007_24-25 LSA Test

Multiple choice

Consider a simultaneous-move game with two players. The payoff table with order of payoffs (Player 1, Player 2) is provided above. Choose the answers that are consistent with it. (multiple correct answers may be possible)

Options
A.a. Player 2 has a dominant strategy.
B.b. Player 2 has two strategies.
C.c. Player 1 has a dominant strategy.
D.d. Player 1 has two strategies.
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Step-by-Step Analysis
To analyze the game, I’ll look at what each player can do and how their payoffs differ across the possible moves of the other player. Option a: 'Player 2 has a dominant strategy.' A dominant strategy for P2 would be one action (Left or Right) that yields a higher payoff for P2 no matter what......Login to view full explanation

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