3 Use The Following Payoff Matrix For A Simultaneous Move One Shot Game To Answer Th 3262197
3.Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Player 2
Strategy
C
D
E
F
Player 1
A
15, 7
10, 11
19, 15
18, 20
B
8, 12
19, 7
12, 3
15, 16
a. What is player 1’s optimal strategy?
Strategy A.
Player 1 does not have an optimal strategy.
Strategy B.
b. Determine player 1’s equilibrium payoff.
4. Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Player 2
Strategy
C
D
E
F
Player 1
A
10, 23
14, 20
20, 16
22, 14
B
14, 26
8, 5
20, 9
19, 14
a. What is player 1’s optimal strategy?
Player 1 does not have an optimal strategy.
Strategy B.
Strategy A.
b. Determine player 1’s equilibrium payoff.
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