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Consider the following normal-form or matri game Player 2 C L R

Consider the following normal-form (or matrix) game Player 2 C L R (1,0 (1, 1 (1,2) T (2,2)(2,1) (2, 1) Player 1 (10,2) (0,4)(3,3) dominated strategies (a) Find any dominant or (b) By using the process of iterated elimination of dominated strategies, what would you expect players to do? (c) Indicate clearly what rationality assumptions are implicitly in the answers to the previous question Justify your answe r

Feb 01 2020 View more View Less

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