5 Simultaneous Games with 2 Players and 2 Actions David Ronayne 21 November 2011 Ok guys, once you have digested the material on simultaneous move games, try to solve each of the following questions for each of the games below. Once done, if you want to check your answers, please see me in my office hour. (i) Perform iterated elimination of strictly dominated strategies on the game. What has doing this told you? (ii) What are the rationalisable outcomes? (You should know all these questions are inter-related) (iii) Find all the pure NE using the underlining technique (iv) Find all the mixed NE Game 1 Player 2 Player 1 U D L 2,2 1,1 U D L 1,1 2,-1 R 0,1 1,3 Game 2 Player 2 Player 1 R -1,2 0,0 Game 3 Player 2 Player 1 U D L 5,0 0,5 R 0,3 3,0 1 Game 4 - A little tricky Player 2 Player 1 U D L 1,0 1,-1 R 1,0 2,2 Game 5 - Hard Player 2 Player 1 U D L 2,0 1,-1 R 0,0 1,2 2