Mathematics, 13.04.2021 01:40 dunqueeezy6295
The payoff matrix for the 2-person 0-sum game of Union in negotiation with Management for annual percentage pay raise is given below:
M1 M2 M3 M4
U1 2 4 2 3
U2 3 3 5 2
U3 4 3 2 3
U4 4 4 1 4
Required:
a. Eliminate all dominated strategies to obtain the irreducible matrix.
b. Identify and solve all sub-games.
c. Summarize the solution of the game.
Answers: 1
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