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The dominant strategy and Nash equilibrium.
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7. Solving for dominant strategies and the Nash equilibriumSuppose Rashard and Alyssa are playing a game that requires both to simultaneously choose an action: Up or Down. The payoff matrix that followsshows the earnings of each person as a function of both of their choices. For example, the upper-right cell shows that if Rashard chooses Up andAlyssa chooses Down, Rashard will receive a payoff of 6 and Alyssa will receive a payoff of 3.AlyssaUpDownUp6, 66, 3RashardDown4, 35, 5In this game, the o
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What is the dominant Nash equilibrium strategy for the repeated prisoner's dilemma game when both players know that the game will end after one million repetitions? If you were going to run an experiment with human players for such a scenario, would you predict that players would use this strategy? | Numerade
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