Game Theory YOUR NAME ON THE BACK ONLY Sample Midterm Game Theory & Business Strategy MGT 425 This exam has four questions of which you need to answer three. Note that you may attempt all of the questions. All of them will be graded and the best three will be counted. Please identify any assumptions you are using in your analysis and show all work for partial credit. You may use the back of a page if necessary, but clearly indicate that so I will know to look there. Work quickly if you wish to answer every question, but carefully. Question 1. Consider the following strategic-form simultaneous game. Mork’s payoffs are listed first. Mindy X Y Z A 80 , 30 0 , 20 20 , 20 Mork B 85 , 15 20 , 20 5 , 5 C 95 , 25 5 , 25 5 , 25 Does either player have a dominant strategy? If yes, list it/them.
Game Theory YOUR NAME ON THE BACK ONLY Sample Midterm Game Theory & Business Strategy MGT 425 This exam has four questions of which you need to answer three. Note that you may attempt all of the questions. All of them will be graded and the best three will be counted. Please identify any assumptions you are using in your analysis and show all work for partial credit. You may use the back of a page if necessary, but clearly indicate that so I will know to look there. Work quickly if you wish to answer every question, but carefully. Question 1. Consider the following strategic-form simultaneous game. Mork’s payoffs are listed first. Mindy X Y Z Mork A 80 , 30 0 , 20 20 , 20 B 85 , 15 20 , 20 5 , 5 C 95 , 25 5 , 25 5 , 25 Does either player have a dominant strategy? If yes, list it/them.
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