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    strategy in game theory

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    Stategy D E F
    A 100, 125 300,250 200 ,100
    B 250, 0 500 ,500 750 , 400
    C 0, -200 400, 300 -100, 350

    Please explain what the dominant strategy is .
    Does each player have a secure strategy?
    What is the Nash equilibrium = 500 , 500 ?

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    Solution Preview

    Assuming Player 1 has strategies A, B and C, and Player 2 has strategies D, E and F, and the first element in each cell is the payoff for Player 1 and the second is the payoff for Player 2 we can explain it as follows.

    Consider Player 1. If he assumes Player 2 will choose D, he is best off with B as that gives highest payoff (250). If he ...

    Solution Summary

    This solution explains how to determine the secure strategies of the two players in this game theory problem. This solution also shows the Nash equilibrium of the problem.