(Optional) Recall the game from Exercise S11 in Chapter 4, where Larry, Moe, and Curly can choose to buy tickets toward a prize worth $30. We found six pure-strategy Nash equilibria in that game. In...


(Optional) Recall the game from Exercise S11 in Chapter 4, where Larry, Moe, and Curly can choose to buy tickets toward a prize worth $30. We found six pure-strategy Nash equilibria in that game. In this problem, you will find a symmetric equilibrium in mixed strategies.


(a) Eliminate the weakly dominated strategy for each player. Explain why a player would never use this weakly dominated strategy in his equilibrium mixture.


(b) Find the equilibrium in mixed strategies.




May 26, 2022
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