Question

What strategies survive iterated elimination of strictly dominated strategies? (You can choose more than one answer) L C Rс T 2,0 1,1 4,2M 3,4 1,2 2,3B 1,3 0,2 3,0O (TL) O (M, L) O (BL) O (T, R) O (M, R) O (B, R) O (T, C) O (MC) O (B,C)

Answer 1

The strategies that survive iterated elimination of strictly dominated strategies are:

1. (TL) - top-left strategy

2. O (M, L) - mixed strategy of playing M with probability 1/2 and L with probability 1/2

3. O (B, R) - mixed strategy of playing B with probability 1/2 and R with probability 1/2

4. O (MC) - mixed strategy of playing M with probability 1/3 and C with probability 2/3