Question

The payoff matrix for Union in negotiation with Management for annual percentage pay raise is given...

The payoff matrix for 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

After eliminating dominated strategies, what is the irreducible payoff matrix?

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Answer #1

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