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A soccer team is acquiring a player via transfer from another team. The player's quality is given by a uniform distribution, Q U[0,1]. (This is the same structure that we went over in class.) The player's current team knows their quality, but the acquiring team does not. A player of quality, Q, is worth 100000 + 900000Q to their current team, and 250000+950000Q to the acquiring team.

A soccer team is acquiring a player via transfer from another team. The player's quality is given by a uniform distribution, Q U[0,1]. (This is the same structure that we went over in class.) The player's current team knows their quality, but the acquiring team does not. A player of quality, Q, is worth 100000 + 900000Q to their current team, and 250000+950000Q to the acquiring team.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A soccer team is acquiring a player via transfer from another team. The player's quality is given by a uniform distribution, Q U[0,1]. (This is the same structure that we went over in class.) The player's current team knows their quality, but the acquiring team does not. A player of quality, Q, is worth 100000 + 900000Q to their current team, and 250000+950000Q to the acquiring team. In equilibrium of this game, what is the highest quality player that could be transferred? Answer: (0.35)
Transcribed Image Text:A soccer team is acquiring a player via transfer from another team. The player's quality is given by a uniform distribution, Q U[0,1]. (This is the same structure that we went over in class.) The player's current team knows their quality, but the acquiring team does not. A player of quality, Q, is worth 100000 + 900000Q to their current team, and 250000+950000Q to the acquiring team. In equilibrium of this game, what is the highest quality player that could be transferred? Answer: (0.35)
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