The table below shows the payoff matrix of a simultaneous one-shot game where larger numbers represent better payoffs.. The strategies of player 1 are denoted by s1 and s2, and those of player 2 by t1 and t2. The first number (before the semicolon) denotes the result for player 1, and the second number (after the semicolon) refers to the result for player 2. Read the following statements and select the correct two.
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Question

The table below shows the payoff matrix of a simultaneous one-shot game where larger numbers represent better payoffs.. The strategies of player 1 are denoted by s1 and s2, and those of player 2 by t1 and t2. The first number (before the semicolon) denotes the result for player 1, and the second number (after the semicolon) refers to the result for player 2. Read the following statements and select the correct two.

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Answer

Player 2 has a dominant strategy if X >= 10

Answer

Whatever the values of X and Y, (s2,t2) is always a Nash equilibrium.

Answer

Player 1 has a dominant strategy.

Answer

Whatever the values of X and Y, (s1,t1) is always a Nash equilibrium.

Answer

Under the following scenario, X = 5 and Y = 4, this game is an example of a coordination game with conflict of interest.

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The table below shows the payoff matrix of a simultaneous one-shot game where la...

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