N4 q1 Couns 50Prompt #1: Of the many beneficial suggestions thatwere provided, in the section "Learner Tips",choose one tip that you most closely identify withand explain why it is so important to you as astudent.Prompt #2: To respond to this prompt, find oneconcept or point that you saw or heard that you willtest out in this or other classes this semester andexplain the reason for choosing the concept orpoint.

“Since you have asked multiple question, we will solve the first question for you. If you want any…

Answered: Prompt #1: Of the many beneficial…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Boris and Angela are negotiating a new trade deal, which resembles a modified centipede game. When it is their turn, each of them decides whether to cooperate (C) or to decline (D). Unfortunately, Angela is not sure how much time Boris has for the negotiations before he needs to leave to talk to Emmanuel. With probability p = 4/5, Boris will stay and insist on making the final proposal (long game, L). With probability 1 − p = 1/5, Boris will have to rush off, so that the game ends after Angela’s move (short game, S). Boris has perfect knowledge of his schedule. The structure and payoffs are represented in the game tree below (Attached picture). (a) Specify the set of possible histories H of the game. Underline terminal histories.(b) Specify the set of possible strategies for Boris and Angela.(c) How many subgames does this game have? Indicate all subgames in this game
The city council is to decide on a proposal to raise property taxes. Suppose Ms. Tuttle is the chair and the council’s other two members are Mr. Jones and Mrs. Doubtfire. The voting procedure works as follows: Excluding the chair, Mr. Jones and Mrs. Doubtfire simultaneously write down their votes on slips of paper. Each writes either for or against the tax increase. The secretary of the city council then opens the slips of paper and announces the vote tally. If the secretary reports that both slips say for, then the tax increase is implemented and the game is over. If both vote against, then the tax increase is not implemented and, again, the game is over. However, if it is reported that the vote is one for and one against, then Ms. Tuttle has to vote. If she votes for, then the tax increase is implemented, and if she votes against, then it is not. In both cases, the game is then over. As to payoffs, if the tax increase is implemented, then Mrs. Doubtfire and Mr. Jones each receive a…
Which one is the best strategy for Player 1? Player 1 (10, 20) Leave Leave Cooperate Stay Cooperate Player2 Not cooperate Stay (15, 14) Not cooperate Leave Player 2 (17, 11) Stay (16, 12)
a W 3,5 3,4 8,4 0,0 3,3 8,9 y 0,1 5,9 9,8 Describe a strategy for player 1 that dominates x. O (1/3.0. 2/3) 1.0,0) O01.1) to
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Channels 7 and 10 are the only television networks. They want to capture as much of the market as possible because it helps them earn more advertising revenue. Each channel can choose to show a cooking or a reality show on Sunday night. If they both airing cooking shows or both airing reality shows, Channel 10 gets 60% of the market. If Channel 10 is showing a cooking show and Channel 7 is showing a reality show, Channel 10 gets 70% of the market. If Channel 10 is showing a reality show and Channel 7 is showing a cooking show, Channel 7 gets 45% of the market. In a sequential game, Channel 7 moves first. What is true? Group of answer choices Channel 7 will choose reality. Channel 7 has a second mover advantage. Channel 10 will choose cooking. Channel 10 will choose reality. Channel 7 will choose cooking.
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In this game, (80, 50) 52% a) (R, N) b) (R, R) c) (S, N) d) (R, P) S is a Nash equilibrium First Player (20,68) 12% R P Second Player N (90,70) 36%
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(ii) A mixed strategy profile (p, q) is one in which p = (p,P2.... P) is the mixed strategy of player 1, and q- (g1, q2,..q4) is the mixed strategy of player 2. Show that if p, >0 in a Nash equilibrium profile (p*, q*), the player 2 must also play i with strictly positive probability q'; > 0. (State clearly any theorem you use to show this. You are not required to justify the theorem.) %3D
5
In a mixed strategy equilibrium of the game below, what is the probability with which Player 2 chooses r (if there are multiple equilibria with different probabilities of a, choose any one)? Player 2 y a 3, 3 4, 2 Player 1 b 6,3 2, 6 5. 3 3, 2 Numerical answer

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Prompt #1: Of the many beneficial suggestions tha were provided, in the section "Learner Tips", choose one tip that you most closely identify with and explain why it is so important to you as a student.