Given the Following Payoff/loss Table for a Mixed Strategy Game

question 12

Short Answer

Given the following payoff/loss table for a mixed strategy game between two players: $$\begin{array}{l}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text { Player } 2 \text { (defensive) Strategies }\\\begin{array} { l c c c c r } & & \text { A } & \text { B } & \text { C } & \text { D } \\\hline & 1 & 40 & 30 & 54 & 80 \\\text { Player 1 } & 2 & 90 & 50 & 60 & 65 \\\text { Offensive } & 3 & 80 & 75 & 52 & 90 \\\text { Strategies } & 4 & 60 & 40 & 55 & 50\end{array}\end{array}$$
Identify dominated strategy(s), if it (they) exist(s).

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Definitions:

Instrumental Values

Values that are regarded as a means to an end, guiding how we achieve our goals and interact with others.

Material Goods

Physical objects or possessions that have value, either monetary or sentimental, often acquired to satisfy personal needs or desires.

Confront

To face or deal with a challenging situation or person directly.

Attitude

A relatively enduring set of beliefs, feelings, and behavioral tendencies towards specific people, groups, ideas, or objects.