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State of Nature Game
Author :
Acacia Woodley
1.
What is the Nash equilibrium or equilibria in Game 2?
A
(D; D)
B
(C; C)
C
Nether
2.
Which players have dominant strategies and what are they in Game 2 on the pdf?
A
Player 1 has a dominant strategy (C)
B
Player 2 has a dominant strategy (C)
C
Nether
3.
What is the preference ordering for Player 1?
A
CC>DC>CD>DD
B
CD>CC>DC>DD
C
DC>CC>DD>CD
4.
Which players have a dominant strategy and what are they in Game 4 on the pdf?
A
Player 1 has a dominant strategy (CC), Player 2 has a dominant strategy (DL)
B
Player 1 has a dominant strategy (DL), Player 2 has a dominant strategy (DL)
C
Neither player has a dominant strategy
5.
What is the Nash equilibrium or equilibria of Game 5 on the pdf?
A
(B; R)
B
(B; M)
C
(L; M)