1. We'll consider a first-price auction with two players. Each player will submit a bid b; 2 0. Whoever places thehighest bid wins the auction and must pay the amount they bid, the loser does not pay anything. If there is atie, then Player 1 wins the auction.Payoffs are determined by who wins the auction. Suppose Player 1 values the item at vi = 20 and Player 2values the item at vz = 10. If Player i wins with a bid of b;, their payoff is their valuation minus their bidv; – bị. The player that loses the auction receives a payoff of 0.For example, if Player 1 bids bị = 1 and Player 2 bids by = 2, then Player l's payoff is 0 and Player 2's payoffis 8 = 10 – 2.(iv) Sketch separate graphs of u2(b1, b2) for the cases b1 = 5, 10, 20.(v) Explain why Player 2 does not have a best response to bị < 10 (assuming there is no smallest denominationof money). What is Player 2's best response to bị > 10?(vi) Explain why Player 2's bid b2 = 10 weakly dominates any higher bid b, > 10.

Answered: 1. We'll consider a first-price auction…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A game starts when the player pays 5 php. This gives him a chance to draw 2 balls simultaneously from a bag that contains 3 black, 3 white, and 2 red. If 2 red balls are drawn, the player wins 20 php. If only one red ball is drawn, the player wins 10 php. If no red ball is drawn, the player wins nothing. Which statement best describes the game's partiality? A B U The game's partiality cannot be determined. The game favors the player. The game neither favors the player nor the organizers. The game favors the organizers.
1. Read and analyze the following problems. Write your solution on a sheet of paper. The coach of the winning basketball team chooses 3 of the 15 members to be interviewed by a sports reporter. In how many ways can the members to be interviewed be chosen? A poker hand consists of 5 cards chosen at random from a standard deck of cards. How many poker hands containing all face cards are possible? 2. 3. Suppose 7 female and 6 male applicants have been successfully screened for 5 positions. In how many ways can the following compositions be selected? a. 5 people regardless of gender b. 3 females and 2 males C. at least 3 females d. 4 females and 1 male e. 5 females 4. In a game of poker, a full house is a combination of 5 cards chosen from a standard deck of cards with three of a kind and two of a kind. How many full houses are possible?
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A game starts when the player pays 5 php. This gives him a chance to draw 2 balls simultaneously from a bag that contains 3 black, 3 white and 2 red. If 2 red balls are drawn, the player wins 20 php. If only one red ball is drawn, the player wins 10 php. If no red ball is drawn, the player wins nothing. Which statement best describes the game's partiality? A. The game's partiality cannot be determined. B.The game favors the player. C. The game favors the organizers. D. The game neither favors the player nor the organizers.
B. Perimeter Shot - A perimeter shot, also known as a mid-range shot, is a jump shot or general field goal attempt that an offensive player can take inside of the three-point line and is worth 2 points. To practice this, Piel has to choose four different shooting spots among the five different spots in where he is comfortable of shooting. In previous games, his shot selection is 5% from the right baseline (Spot 1), 15% from the right elbow (Spot 2), 20% from the top of the key (Spot 3), 25% from the left elbow (Spot 4) and 35% from the left baseline (Spot 5). In this drill, a shooting spot can be selected once, multiple times, or not at all. This drill illustrates a random experiment with distribution. To help Piel decide, below is the partial table for the means and standard deviations of the random variable, Y, or the number of times he shoot the ball in a shooting spot. Shooting Spot E[Y] SD[Y] Spot 1 0.2 0.4359 Spot 2 0.6 0.7141 Spot 3 0.8 0.8000 Spot 4 the mean of 1.4 by will…
please complete the blank problem and or ones with a red x next to it not ones with a green check next to please
Three workers at a domino's pack the take out pizza orders.ramu packs 40 of the orders but fails to include a chilli flakes sachet 4 %of the time. Raju packs 30 %of the orders but omits the chilli flakes sachet 2 %of the time. Sam packs 30 %of the orders but fails to include chilli flakes sachet 3% of the time. You received the pizza delivery and there was no chilli flakes sachets. What is the probability that Sam made the packing for the order
B. Perimeter Shot - A perimeter shot, also known as a mid-range shot, is a jump shot or general field goal attempt that an offensive player can take inside of the three-point line and is worth 2 points. To practice this, Piel has to choose four different shooting spots among the five different spots in where he is comfortable of shooting. In previous games, his shot selection is 5% from the right baseline (Spot 1), 15% from the right elbow (Spot 2), 20% from the top of the key (Spot 3), 25% from the left elbow (Spot 4) and 35% from the left baseline (Spot 5). In this drill, a shooting spot can be selected once, multiple times, or not at all. This drill illustrates a random experiment with distribution. To help Piel decide, below is the partial table for the means and standard deviations of the random variable, Y, or the number of times he shoot the ball in a shooting spot. Shooting Spot E[Y] SD[Y] Spot 1 0.2 0.4359 Spot 2 0.6 0.7141 Spot 3 0.8 0.8000 Spot 4 the mean of 1.4 by will…
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