suppose rashard and alyssa are playing a game that requires both to simultaneously choose an action: up or down. the payoff matrix that follows shows the earnings of each person as a function of both of their choices. for example, the upper-right cell shows that if rashard chooses up and alyssa chooses down, rashard will receive a payoff of 6 and alyssa will receive a payoff of 7. alyssa up down rashard up 4, 4 6, 7 down 2, 4 5, 1: The only dominant strategy in this game is for ___ to choose_. (left, right)The outcome reflecting the unique Nash equilibrium in this game is as follows: Larry chooses _ and Megan chooses ___

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10-12-2022
Engineering

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suppose rashard and alyssa are playing a game that requires both to simultaneously choose an action: up or down. the payoff matrix that follows shows the earnings of each person as a function of both of their choices. for example, the upper-right cell shows that if rashard chooses up and alyssa chooses down, rashard will receive a payoff of 6 and alyssa will receive a payoff of 7. alyssa up down rashard up 4, 4 6, 7 down 2, 4 5, 1: The only dominant strategy in this game is for ___ to choose_. (left, right)The outcome reflecting the unique Nash equilibrium in this game is as follows: Larry chooses _ and Megan chooses ___

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Martebi Martebi · Answer 1 · 2022-12-15T12:36:02+01:00

The only dominant strategy in this game is for Alyssa to choose left The outcome reflecting the unique Nash equilibrium in this game is as follows: Larry chooses right and Megan chooses Left

What does "dominant strategy" mean?

In game theory, the phrase "dominant strategy" refers to the choice that is best for a player regardless of the actions taken by their opponents, whereas the phrase "inferior strategy" designates the alternative.

Since Megan selecting "Left" is the sole effective technique in this game. It implies that she will always adopt a "left" tactic, regardless of Larry's decision.

Therefore, the result of the game, which reflects the particular Nash equilibrium, is as follows: Megan picks "Left," whereas Larry chooses "Right". One-of-a-kind Nash equilibrium is (Right, Left).

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