What are the different types of game representation that the author introduces in the paper?
ALLA QUESTIONS MUST BE ANSWERED!!
Read the attached research paper and watch the video on the introduction to the game theory
What are the different types of game representation that the author introduces in the paper?
What is the dominant strategy? And how is it different from a strictly dominant strategy?
What is a pure strategy or a Nash equilibrium strategy? And how does it differs from a mixed strategy or a randomized strategy?
In the article the author gave an example of a game between two firms selling identical goods, what is the utility function in this game? What is the payoff in all scenarios? Is there a dominant strategy for this game?
In the article, the author introduced competitive games? And gave more than one example. Describe one example and identify the strategies at equilibrium for this game? And state why the selected strategy is at equilibrium?
In the article, the author introduced coordination games? And gave more than one example. Describe one example and identify the strategies at equilibrium for this game? And state why the selected strategy is at equilibrium?
Did anything else interest you in the paper, that you want to share?
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APA
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