Question 3 Player II D E A 33 42 14 B 20 30 11 C 11 21 02 Pl

Question 3 Player II D E A 3,3 4,2 1,4 B 2,0 3,0 -1,1 C 1,1 2,-1 0,2 Player The iterative elimination of dominated strategies (IEDS) solution is the strategy profile consisting in strategy for Player 1 and strategy for Player 2.

Solution

Iterative elimination of dominated strategies is a process of deletipn of strictly dominated strategies for a rational player. In the given game, IEDS solution is the strategy profile consisting in strategy A for player 1 (because strategy A is strictly dominated strategy for player 1) ans strategy F for player 2 ( because strategy F is strictly dominated for player 2).

[Strictly dominated strategies are the strategies that the player will always choose irrespective of what the other player is/are choosing. ]