AS June 2023 Q3

EdexcelCurrent spec14 marksGame Theory

3. A two-person zero-sum game is represented by the following pay-off matrix for player \(A\).

\(B\) plays X\(B\) plays Y
\(A\) plays Q\(2\)\(-2\)
\(A\) plays R\(-1\)\(5\)
\(A\) plays S\(3\)\(4\)
\(A\) plays T\(0\)\(2\)
(a)
(i) Show that this game is stable.
(ii) State the value of this game to player \(B\). (3)

Option S is removed from player \(A\)’s choices and the reduced game, with option S removed, is no longer stable.

(b) Write down the reduced pay-off matrix for player \(B\). (1)

Let \(B\) play option X with probability \(p\) and option Y with probability \(1 - p\).

(c) Use a graphical method to find the optimal value of \(p\) and hence find the best strategy for player \(B\) in the reduced game. (6)
(d)
(i) Find the value of the reduced game to player \(A\).
(ii) State which option player \(A\) should never play in the reduced game.
(iii) Hence find the best strategy for player \(A\) in the reduced game. (4)