ECO 355 Game Theory I need a right answer of this problem an

ECO 355 Game Theory I need a right answer of this problem and why.

Question 9 Consider the tolowing two person stanc game where Player 1 is the row player and Player 2 is the column piayer tne row player 20 B 0,0 1,-1 -1,3 a There s nomnieds ategy Nash equaenum There an equtorum where Player 1 ptays A with probatity 23 O C Thene is an equilbriam where Player 1 plays A wih probability 1/2 o d There is an equsbnum where Player 1 plays A with probablty 34

Solution

Answer: D- There is an equilibrium where player 1 plays A with probability 3/4

Player 1 will be better off by playing upper row ,i.e A, as he is better of at AC and AE. So, there is a dominant strategy for player 1 to play A that is nash equilibrium exists.

Player 1 plays the mixed strategy of (A,B)= 3/4=0.75

Note: only first question have been solved as per Chegg policy.

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