3 Use The Following Payoff Matrix For A Simultaneous Move One Shot Game To Answer Th 3262197

3.Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

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Player 2

Strategy

C

D

E

F

Player 1

A

15, 7

10, 11

19, 15

18, 20

B

8, 12

19, 7

12, 3

15, 16

a. What is player 1’s optimal strategy?

Strategy A.

Player 1 does not have an optimal strategy.

Strategy B.

b. Determine player 1’s equilibrium payoff.

4. Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

Player 2

Strategy

C

D

E

F

Player 1

A

10, 23

14, 20

20, 16

22, 14

B

14, 26

8, 5

20, 9

19, 14

a. What is player 1’s optimal strategy?

Player 1 does not have an optimal strategy.

Strategy B.

Strategy A.

b. Determine player 1’s equilibrium payoff.

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