EconomicsConsider the following in normal form:ВВ4,20,00,02,4a. Is there a Nash equilibrium in purestrategies?b. Are there Nash equilibria in mixedstrategies where player 1 associatespositive probability to his two actions andplayer 2 only to 2 of the 3 actionsassociate positive probability?c. Does a Nash equilibrium exist in mixedstrategies where player 1 associatespositive probability to his two actions andplayer 2 associates positive probabilityto his three actions?

Answered: Image /qna-images/answer/a9538264-3ea3-4c32-a82d-2dd171cdbef1.jpg

Answered: Economics Consider the following in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

2. Consider a simultaneous-move auction in which two players simultaneously choose bids which must be in nonnegative integer multiples of one cent. The higher bidder wins a dollar bill. If the bids are equal, neither player receives the dollar. Each player must pay his/her own bid whether or not he or she wins the dollar. Each player's payoff is simply the net winnings. Construct a symmetric mixed-strategy equilibrium in which every bid less than 1.00 has a positive probability.
Consider the following normal-form game. A B C T 1, 1 2, 2 3, 4 9, 3 B 2, 5 3, 3 1, 2 7, 1 Find all pure Nash equilibria and one mixed Nash equilibrium of this game.
An engineer decides to buy four new snow tires for his car. He finds that Retailer A is offering a special cash rebate, which depends on how much snow falls during the first winter. If this snowfall is less than 50% of the mean annual snowfall for his city, his rebate will bet 50% of the list price. If the snowfall that winter is more than 50% but less than 75% of the mean annual snowfall, his rebate will be 25% of the list price. If the snowfall is more than 75% of the mean annual snowfall, he will receive no rebate. The engineer finds from a reference book that the annual snowfall for his city has a mean of 80 cm and standard deviation of 20 cm and approximates a normal distribution. The list price for the brand and size of tires he wants is $80.00 per tire. The engineer checks other retailers and finds that Retailer B sells the same brand and size of tires with the same warranty for the same list price but offers a discount of 5% of the list price regardless of snowfall that…
Suppose a person is thinking about entering a MarioKart competition at theirlocal videogame store. The competition costs 20 dollars to enter. The competition consists of 10 matches. The person knows that their chance of winning each match is 65% and that each match is independent of the others. The payout for the competition is: WIN ALL 10 Matches: 500 Dollar Prize WIN 9 Matches: 250 Dollar PrizeWIN 8 Matches: 50 Dollar Prize OTHERWISE: Nothing 1) Suppose that this person enters the competition 5 times.What is the probability they break even?(Hint: To break even they would need to win the $50 prize twice and lose the other three times. Use a modified binomial to calculate this probability.)
A system has six components connected as shown in the following diagram: A Assume A, B, C, D, E, and F function independently. If the probabilities that A, B, C, D, E, and F fail are 0.01, 0.05, 0.02, 0.08, 0.10, and 0.05 respectively, what is the probability that the system fails?
1. Two risk neutral players compete to win a prize, P. The probability of winning depends on effort; the probability that player i wins equals e(e++e2), where ei is the effort level of player i. The cost of effort is ciei. a) Find the Nash equilibrium effort levels. b) What is the probability player 1 wins at equilibrium?
this 'paradox be (c) Suppose we have the following simultaneous-move game, where the first value in every cell is Player 1's рayoff: Player 2 Right Left Player 1 Тор 4,8 12, 6 Bottom 6,2 8, 10 Outline and illustrate all pure strategy and mixed strategy Nash equilibria. Show that the mixed strategy Nash equilibrium is an inefficient outcome. cnlit f50 and have discount factors of 0.9 and 0.8, respectively,
A system has five components connected as shown in the diagram. Assume A, B, C, D, and E function independently. If the probabilities that A, B, C, D, and E function 0.50, 0.65, 0.75, 0.95, and 0.80 respectively, what is the probability that the system fails?
In the strategic form game below: (a.) What is P1's best response to each of P2's strategies. (b.) Find all Pure Strategy Nash Equilibria (PSNE). Show all work. (c.) Show an example of a Mixed Strategy Nash Equilibrium (MSNE) in this game. How many are there? Explain. Hint: we can assign probabilities of 1 or 0 if a player chooses a given strategy with certainty in a MSNE. Show your work. Player 1 a b с d Player 2 W X Y Z 0,5 1,3 1,7 0,8 1,6 0, 2 2,6 0,7 0,5 1,3 0,8 3,9 1,2 0,4 0,4 3,5
1. Suppose we have a 2-player zero-sum game where the strategy set of the row player (resp. the column player) is R = {₁,..., rk} (resp. C = {C₁,..., ce}) and where the payoff matrix is A (ai). If (r₁, c₁) and (r2, C₂) are both Nash equilibria, show that they have the same payoff (i.e. a11 a22). [Do this directly using the definitions and without using any theorems from the lectures.] = =
0 0 B 2,2, 2 C. (0, B, Y) d. (O,B,X) □e. (I, A, X) 3 X Y X 3,2,1 5.0.0 1.2.6 7,5,5 4, 3, 1 Consider the following extensive form game of complete and imperfect information between players 1, 2, and 3. The following strategy profiles are Subgame Perfect Nash equilibria (Please, select all that apply) Ⓒa. (I, C, X) b. (1, B, Y)

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS