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7 Jun 2023
7.
B
Cooperates
Defects
A
Cooperates
1,1
3,0
Defect
0,1.5
2,2
The payoffs in the table, read as (A,B)
a) Does A have a dominant strategy? Explain
b) Does B have a dominant strategy? Explain
c) What’s the Nash equilibrium for this game? Explain
8. Discuss three of the methodological and structural factors affecting social preferences.
7.
B
Cooperates
Defects
A
Cooperates
1,1
3,0
Defect
0,1.5
2,2
The payoffs in the table, read as (A,B)
a) Does A have a dominant strategy? Explain
b) Does B have a dominant strategy? Explain
c) What’s the Nash equilibrium for this game? Explain
8. Discuss three of the methodological and structural factors affecting social preferences.
8 Jun 2023
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7 Jun 2023
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2. Consider the following payoff matrix:
| Player B Strategy | ||||||||||
| 1 | 2 | |||||||||
| $1,000 | -$2,000 | |||||||||
| 1 | $2,000 | -$1,000 | ||||||||
| Player A Strategy | -$1,000 | $2,000 | ||||||||
| 2 | -$2,000 | $1,000 | ||||||||
a. Does Player A have a dominant strategy? Explain why or why not.
b. Does Player B have a dominant strategy? Explain why or why not.
