I'm given a 4x4 payoff matrix


There isn't any strategy that is dominated for both players. As a combination of best responses, I see that (3,3) is a pure strategy Nash equilibrium. I tried to compute mixed strategy Nash equilibrium by setting probabilities of row player's actions as p,q,r,s and equating the payoffs for the column player, which yields p= -1/3

Does this mean there is no mixed strategy Nash equilibrium? Thus only one Nash equilibrium exists?

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    $\begingroup$ It only means that there is no equilibrium in which the row player plays each strategy with a positive probability. $\endgroup$ – Michael Greinecker Oct 7 '20 at 9:57
  • $\begingroup$ So if I limit the strategies, there can be mixed equilibriums? But then how do I know which strategy to discard? $\endgroup$ – ph8ndstne Oct 7 '20 at 10:01
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    $\begingroup$ In principle, you have to do work through every subset of strategies for each player. But here the problem is a bit simpler. The fourth strategy of the column player, for example, is strictly dominated by a mixed strategy. $\endgroup$ – Michael Greinecker Oct 7 '20 at 10:07
  • $\begingroup$ Oh I understand now. So to reduce a strategy, I need to find distributions of other strategies that dominate it right? $\endgroup$ – ph8ndstne Oct 7 '20 at 10:09
  • $\begingroup$ If that is possible, the strategy will certainly never be played with positive probability. So you can discard the strategy when looking for Nash equilibria. $\endgroup$ – Michael Greinecker Oct 7 '20 at 10:11

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