Recall the game between ice-cream vendors on a beach from Exercise U6 in Chapter 6. In that game, we found two asymmetric pure-strategy equilibria. There is also a symmetric mixed-strategy equilibrium...


Recall the game between ice-cream vendors on a beach from Exercise U6 in Chapter 6. In that


game, we found two asymmetric pure-strategy equilibria. There is also a symmetric mixed-strategy equilibrium to the game.


(a) Write down the five-by-five table for the game.


(b) Eliminate dominated strategies, and explain why they should not be used in the equilibrium.


(c) Use your answer to part (b) to help you find the mixed-strategy equilibrium to the game.




May 26, 2022
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