Questions tagged [dominant-strategy]

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Differences between best response, dominant strategy and Nash equilibrium

I can't seem to get the differences of these terms. I watched this video that has the differences of best response and Nash equilibrium: But then I heard about dominant strategies from another video ...
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1answer
40 views

Rationalizable strategies and Weak Dominance

Can I find the rationalizable strategies for a game where none of the players has strict dominance but only weak dominance?
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1answer
173 views

Game with an equilibrium in pure, but none in mixed strategies?

I came across the following game: The question is to find potential equilibria in mixed and pure strategies. The solution says that there is an equilibrium in pure strategies (B,N), but none in mixed ...
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1answer
70 views

Set of rationalizable strategies for this 4 x 4 matrix

I would like to find the set of rationalizable strategies for this 4x4 game: The first thing I did was try and find all PSNE. I found two, the ones I bolded. Thus, my answer to this question is that ...
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1answer
54 views

Find value of $\beta$ for which there is a strictly dominant strategy

The question is as such: $N$ firms are lobbying for subsidies. Let $h_i$ be the number of hours spent by form $i$ for lobbying, with cost $wh_i^2$ where $w$ is a fixed constant. The subsidies granted ...
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1answer
47 views

Is it possible to find a nash equilibrium that is not an equilibrium in weakly dominant strategy?

I know that it is possible to have a Nash equilibrium which is not an equilibrium in dominant strategy, but is it also applicable for equilibrium in weakly dominant strategy (i.e. a Nash equilibrium ...
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3answers
1k views

Is a mixed strategy ever the best response to a pure strategy?

Suppose you are playing a game against an opponent whom you know only uses pure strategies. My question is, is there any such game in which using a mixed strategy in response is better than all the ...
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0answers
53 views

Argue that no further mixed Nash Equilibria can exists

I'm looking at the following Normal-Form Game: ...
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1answer
44 views

Fill out Normal-Form Game to obtain exactly one mixed equilibrium

I'm given the following incomplete Normal-Form Game: | L | R +-------- O|1,?|7,? U|?,2|?,1 First I was asked to fill out the missing pieces to obtain a game ...
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1answer
28 views

Illustrating difficulty to find dominant strategies: series of simple one-shot two-players games

For a game theory class I am prepping, I am looking for simple mathematical puzzles that can easily be presented as one-shot 2-players simultaneous games in which one of the players has a dominant ...
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2answers
81 views

Are there strictly dominated strategies?

Two players simultaneously announce a prime number less than 20.Denoting $p_{i}$ the number announced by the player $i$, the payoffs are: -If $p_{1}+p_{2}<14$ each player receives as payment the ...
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1answer
49 views

Rationalizable action profiles in nice symmetric games

Suppose we have a nice symmetric game with $n$ players, i.e. each player's action space is the same compact interval of the real line. I am tasked with identifying all of the rationalizable action ...
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1answer
35 views

Term for the phenomenon when an undesirable but competitive strategy dominates

For example, in some sports, the use performance enhancing drugs is considered undesirable, but it is difficult or impossible to be competitive unless you use performance enhancing drugs. So, the use ...
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1answer
60 views

Is this market monopoly or duopoly?

Could you help me to identify monopoly, because I got confused. There is a company with market share of 54 %. The second one has market share of 21 %. Can this market be characterized as monopoly or ...
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1answer
99 views

Incentive compatibility: Weakly dominant strategy versus Nash equilibrium?

When it comes to proving that a mechanism e.g. auction is incentive compatible this is the approach I'm using: I break down all the cases that might happen if the agent reports an untruthful value to ...
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2answers
279 views

Derivation of Equilibrium Strategy in 1st-price Auction?

Hey, everyone. I desperately need help understanding some math in auction theory. I have been writing a paper as an undergrad for auction theory, and after all of my research I just cannot understand ...
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2answers
2k views

Nash Equilibrium and Dominant Strategy

If I have a game that goes as follow: Player 1 is the row player and player 2 is the column player. I think that the Nash Equilibria should be (10, 5) and (5, 10), since neither of the player has ...
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0answers
22 views

Reference for truthful Nash on cartesian domain implies strategy-proofness

Consider a mechanism $M: \mathcal{R} \rightarrow X$, where $\mathcal{R}$ is a domain of preference profiles $R = (R_1,\dots, R_n)$, and $X$ is a set of outcomes. I believe that the following is a ...