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- Tinky Winky and Dipsy both choose to play an action, and the payoff from that choice is dependent on what the other player chooses. Both players choose their actions simultaneously and reveal their choice to each other at the same time. Tinky-Winky Jump Punch Tinky-Winky gets payoff Tinky-Winky gets payoff Kick Dipsy Dipsy gets payoff Dipsy gets payoff Tinky-Winky gets payoff Tinky-Winky gets payoff Duck 4. Dipsy gets Dipsy gets payoff payoff 10 Which of the following statements is true? O This game does not have any Nash equilibria. O There is more than one Nash equilibrium in this game. O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Jump" O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Punch O The only Nash equilibrium of this game is Dipsy playing "Kick" and Tinky-Winky playing "Punch" O The only Nash equilibrium of this game is Dipsy playing "Duck" and Tinky-Winky playing "Jump"Can a strategy be dominant for one player in a Nash equilibriumThe town of Grayling has 10 thousand residents who produce fish from fish farms and lakes. Each person who works on a fish farm produces 2 fish per day. Each person who fishes in a lake produces 10-X fish per day where X is the number of people (in thousands) who fish in the lakes. If every individual who fishes a lake is charged a tax of T fish, what value of T causes the Nash Equilibrium behavior to produce the largest possible number of fish for the town as a whole? (You can assume that the 'taxes' collected are shared among all of the residents)
- Suppose you are interested in applying equilibrium theory to the following game, where 01 Nash equilibrium in which player 2 plays a sub-optimal action. {E, F}. Show that there is Bayesian Player 2 A • 1,1 GF Player 1 R • -1,0 NF 0,0 Nature A • 1,0 GE 1-p R -1, –1 NE 0,0Hey expert please do it for me asapAk
- In game theory, what does the term "payoff" refer to? a) The amount of money each player has at the beginning of the game. b) The final outcome of the game. c) The utility or benefit that a player receives based on the outcome of the game. d) The number of strategies available to each player.What is the distinctive characteristic of the Nash equilibrium?The chicken game has often been used to model crises. Recall that in this game, the two players drive straight at each other. They can choose to swerve or keep going straight. If one swerves, and the other goes straight, assume that the one that swerves gets -10 utility and the one that goes straight gets 10 utility, since the one that swerves is deemed the loser. If both swerve, both get 0 utility. If both go straight, they crash and get -50 utility. Assume both players have a discount rate of 0.9 Draw the stage game of date night List all pure strategy Nash equilibria of the single stage game Consider an infinite horizon version of Chicken. Can you get an SPNE in which the both players swerve using a grim trigger type strategy? Consider the following strategies: both players swerve, as long as neither ever went straight. If one player ever plays straight, in all subsequent rounds the player that swerved goes straight and the player that went straight swerves. Can you think…
- a)Find the Nash equilibrium b)Find subgame Nash equilibrium c) Explain why all Nash equilibrium are not subgame perfect. Please see the image The term in image are A,B b,c and w,a and 1,2,7,9 and 7,3,4,8There is a city, which looks like chopped isosceles triangle, as shown below. Citizens live uniformly distributed all over the city. Two ice-cream vendors, A and B, must independently set up stores in the city. Each citizen buys from the vendor closest to their location and when equidistant from both vendors they choose by coin toss. Each vendor’s aim is to maximize the expected number of customers. A choice of location by the two vendors is a Nash equilibrium if no vendor can do better by deviating unilaterally. Does this game have a Nash equilibrium? If so, describe it. If not, explain why notTwo supermarkets face the following possibilities. Superstore Advertise Don’t Advertise Megastore Advertise $95, $80 $305, $55 Don’t Advertise $65, $285 $165, $115 47. A Nash equilibrium is Group of answer choices for Megastore to advertise and for Superstore to advertise. for Megastore to advertise and for Superstore not to advertise for Megastore not to advertise and for Superstore to advertise. for Megastore not to advertise and for Superstore not to advertise. There is no Nas equilibrium in this rivalry game.
