S5. Consider the following game table: COLIN North South East West Earth 1,3 3,1 0,2 1,1…

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S5. Consider the following game table: COLIN North South East West Earth 1,3 3,1 0,2 1,1…

S5. Consider the following game table: COLIN North South East West Earth 1,3 3,1 0,2 1,1 Water 1,2 1,2 2,3 1,1 ROWENA Wind 3,2 2,1 1,3 0,3 Fire 2,0 3,0 1,1 2,2 124 [CH. 4] SIMULTANEOUS-MOVE GAMES: DISCRETE STRATEGIES (a) Does either Rowena or Colin have a dominant strategy? Explain why or why not. (b) Use iterated elimination of dominated strategies to reduce the game as much as possible. Give the order in which the eliminations occur and give the reduced form of the game. (c) Is this game dominance solvable? Explain why or why not. (d) State the Nash equilibrium (or equilibria) of this game.
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