Consider the network scheduling profit matrix. Can cheap talk help the networks settle on a single equilibrium? Why or why not? Cheap talk O A. can help the networks settle on a single equilibrium because the networks have an incentive to be truthful. OB. can help the networks settle on a single equilibrium because the networks can use the communcation to make binding agreements. OC. cannot help the networks settle on a single equilibrium because the networks have dominant strategies. O D. cannot help the networks settle on a single equilibrium because the communication occurs after the networks have made their scheduling choices. O E. can help the networks settle on a single equilibrium because the communication can change the payoffs.
Consider the network scheduling profit matrix. Can cheap talk help the networks settle on a single equilibrium? Why or why not? Cheap talk O A. can help the networks settle on a single equilibrium because the networks have an incentive to be truthful. OB. can help the networks settle on a single equilibrium because the networks can use the communcation to make binding agreements. OC. cannot help the networks settle on a single equilibrium because the networks have dominant strategies. O D. cannot help the networks settle on a single equilibrium because the communication occurs after the networks have made their scheduling choices. O E. can help the networks settle on a single equilibrium because the communication can change the payoffs.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please give me correct and incorect answer Explanation
Transcribed Image Text:Consider the network scheduling profit matrix. Can cheap talk help the
networks settle on a single equilibrium? Why or why not?
Cheap talk
O A. can help the networks settle on a single equilibrium because the
networks have an incentive to be truthful.
B. can help the networks settle on a single equilibrium because the
networks can use the communcation to make binding agreements.
C. cannot help the networks settle on a single equilibrium because the
networks have dominant strategies.
O D. cannot help the networks settle on a single equilibrium because the
communication occurs after the networks have made their scheduling
choices.
O E. can help the networks settle on a single equilibrium because the
communication can change the payoffs.
Wednesday
Network 2
Thursday
Wednesday Thursday
Network 1
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48
- 40
48
40
60
- 40
- 40
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