# Answer to Question #68456 in Microeconomics for R Angami

Question #68456

Consider the pay off matrix.Player 1 and player 2,

1 0

A 1,1 3.3

N 2,4 4.2

(a)Find all the Nash Equilibrium of this game.Which player (S) if any,would have a dominant strategy?

(b)Suppose that player 1 moves firstby choosing either A or N .Player 2 observe player player 1's action and choose 1 or 0. For every action combination players payoffs are the same as in the above payoff matrix.Draw a tree of this new game .How many strategies does player 1 have and what atre they?Find all the sub game, perfect equilibria of this game.

1 0

A 1,1 3.3

N 2,4 4.2

(a)Find all the Nash Equilibrium of this game.Which player (S) if any,would have a dominant strategy?

(b)Suppose that player 1 moves firstby choosing either A or N .Player 2 observe player player 1's action and choose 1 or 0. For every action combination players payoffs are the same as in the above payoff matrix.Draw a tree of this new game .How many strategies does player 1 have and what atre they?Find all the sub game, perfect equilibria of this game.

Expert's answer

#### Not answered

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment