Economics · Game Theory Concepts and Definitions
Match List-I (Game/Concept) with List-II (Key Property or Result): List-I P. Dominant Strategy Equilibrium Q. Subgame-Perfect Nash Equilibrium (SPNE) R. Grim Trigger Strategy S. Mixed Strategy Nash Equilibrium List-II1. Refinement of Nash equilibrium using backward induction in extensive form games2. Each player's strategy is best response regardless of what the opponent does3. Player mixes over strategies so opponent is indifferent; own payoffs equalise4. Sustains cooperation in infinitely repeated games via threat of permanent punishment Choose the correct matching:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P-3, Q-1, R-4, S-2
- 2P-2, Q-1, R-4, S-3✓
- 3P-1, Q-2, R-3, S-4
- 4P-2, Q-4, R-1, S-3
Correct answer
P-2, Q-1, R-4, S-3
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