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Question from Past Microeconomics Qualifying ExamEdit

Spring 2005 - Section I, Question five, George Mason University

T,F,U. State first whether the following statements are true, false or uncertain. Then briefly explain your resaoning in four or five sentences. You may sue a graph if it helps clairify your answer.

The Prisoners' Dilemma has one strictly dominant outcome and one Nash equilibrium. The Hawk-Dove game has two strictly dominant outcomes and three Nash equilibria.

AnswerEdit

False.

Prisoners Dilemma

PD Game

The PD game has one strictly dominant outcome, which is also the one pure strategy Nash equilibrium (PSNE).



Hawk Dove

Hawk&Dove Game

The Hawk&Dove game is not dominance solvable, but has two pure strategy Nash equilibria and one Mixed strategy Nash equilibrium.






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