Explain the definition of a strictly dominated strategy.Explain the definition of a strictly dominant strategy.

This assignment is designed to provide you with the opportunity to communicate about technical and abstract material in a clear and straightforward manner. You will spend some time each week writing up a response to a question/prompt, and then posting that on a discussion board that your peers will review. By doing this each week, you’ll get practice writing about technical matters. DirectionsHere is the prompt. In 500 words, write an answer to the following question:Discussion PromptIn the following game, which strategies (if any) are strictly dominated, and which (if any) are strictly dominant? Player 2EFGB8, 513, 116, 2Player 1C2, 130, 85, 13D5, 040, 182, 30In your answer, be sure to complete the following tasks:Explain the definition of a strictly dominated strategy.Explain the definition of a strictly dominant strategy.Which of Player 1’s strategies (if any) are strictly dominated? If there are any, explain why they are strictly dominated. Which of Player 2’s strategies (if any) are strictly dominated? If there are any, explain why they are strictly dominated.Which of Player 1’s strategies (if any) are strictly dominant? If there are any, explain why they are strictly dominant.Which of Player 2’s strategies (if any) are strictly dominant? If there are any, explain why they are strictly dominant.Next week, you will review each other’s answers to this question. To review the assignment, you will basically check that your peer completed each of the tasks — (a) through (f) — listed above, and you will assign 1 point for each completed task. To make this explicit, you will use the rubric below to assign points.Click the Reply button below to post your response. SubmissionThe deadline for your initial response posting is Sunday 11:59 p.m. Peer reviews will begin in next week’s module and be due the next Sunday 11:59 p.m. See the next Module for more detailed instructions. GradingIn next week’s module, one of your tasks will be to go back and review what your peers wrote. The rubric that you will use to review each other’s answers is as follows. You can also click on the Options icon at the top right corner of this forum (three dots) and select the Show Rubric button. TaskPointsCriteria a 1Did the author explain the definition of a strictly dominated strategy, and does their answer match the lectures/textbook? b 1Did the author explain the definition of a strictly dominant strategy, and does their answer match the lectures/textbook? c 1Did the author identify which of Player 1’s strategies (if any) are strictly dominated, and for any that they identified, did they explain why they are strictly dominated? Does their explanation match the lectures/textbook? d 1Did the author identify which of Player 2’s strategies (if any) are strictly dominated, and for any that they identified, did they explain why they are strictly dominated? e 1Did the author identify which of Player 1’s strategies (if any) are strictly dominant, and for any that they identified, did they explain why they are strictly dominant? f1Did the author identify which of Player 2’s strategies (if any) are strictly dominant, and for any that they identified, did they explain why they are strictly dominant?