Self-test on dominant strategies, dominated strategies, and Nash equilibrium

                                    Left         Right
                   Up           -1,-1        -10,0
                Down        0, -10      -8, -8

1.4 Do you recognize this game from your reading or the lecture? You can do a linear transformation on the payoffs of a game without changing its essential structure. In fact, you can even do more general monotonic transformations, though that will affect the probabilities in a mixed strategy equilibrium. Which game is disguised under the action names of Game 1? For the answer, click here

This is the Prisoner's Dilemma.

Return to Self Test 1.

Send comments to Prof. Rasmusen. Last updated: October 31, 1996