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ECON0015_ECON0013_ECON0014_25-26 Quiz 1a

True/False

The table below is not a game in strategic form because the payoffs should be different for the different actions U and D. [table] U | (1,1) | (0,0) D | (0,0) | (0,0) [/table]

Options
A.True
B.False
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First, consider what it means for a table to be in strategic (normal) form. A strategic-form representation lists each player's strategies (rows and columns) and the corresponding payoffs for every combination of those strategies. It does not require that the payoffs differ across actions within a single player's strategy; it only requires that a payoff for each strategy profile is specified. Option 1: True. The statement says the table is not a g......Login to view full explanation

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