Give explanation step by step and take like Question 1 Consider 5 individuals who make a team on a group project with 5 tasks that themembers need to divide up evenly. The agents' preferences are as follows11 12 13 14 15t3 t5 t3 t3 t4t5 t₁ t4t₁t₁t1 t3 t2 t2 t2t₁ t2 t₁t3 t5t2 t4 t5 t4 t3(a) Suppose that individuals are ordered as follows: 5,3,4,2,1. What is the assignmentproduced with the serial dictatorship?(b) Suppose that for j = 1,...,5 individual ij owns task tj. If individuals are allowed to tradetasks, find an allocation that is in the core(c) Provide the order of agents for which the serial dictatorship produces the sameallocation as part b

(b) The core is the set of allocations that are stable under the following condition: no group of…

Answered: Question 1 Consider 5 individuals who…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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It is no secret that Wall Street firms compete aggressively to lure their clients. Having more high-end clients translates into fees and revenues that turn into profits. A survey of 150 high-end clients asked what lured them to their respective Wall Street firm. The following table shows the results. High-End Client Response Perk Received Pay a Kick-Back Lucrative Golf Outings Lavish Dinners Free Private Jet Use Prime Seats at Sports Events Other No Perk Received Client Response 25 29 33 15 19 8 21 Copy Data Step 2 of 3: What proportion of clients were lured to a Wall Street firm by the perk identified in Step 1? Round your answer to two decimal places if necessary.
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(Symmetric mixed strategy Nash equilibrium) A profile α∗ of mixed strategies in a strategic game with vNM preferences in which each player has the same set of actions is a symmetric mixed strategy Nash equilibrium if it is a mixed strategy Nash equilibrium and α∗ i is the same for every player i. Solve this problem: At a large round table sit n ≥ 2 players, each holding 3 cards: one white, one black, and one red. Each player must secretly choose one of their cards and then, when the bell rings, simultaneously reveal it publicly with all the others. If all players choose the white card, each of them receives 6 points. If player i chooses the white card, and at least one of the other players chooses a card of a different color, player i receives 1 point. If player i chooses the black card, they receive 3 points, regardless of the decisions of the other players. If player i chooses the red card, they receive 0 points, regardless of the decisions of the other players. Find all symmetric…
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48. Andre is a real estate agent who has an idea for a software program that will help perform real estate appraisals more quickly and more accurately. He has worked with a buddy who is good at programming to develop a detailed description of what the software will do and how it differs from existing applications. Now Andre has taken this description and shown it to a number of fellow real estate agents to see if his idea appeals to them.Andre is engaging in:
Note: Gaussian Elimination Method
Example 1: Zero Sum Game Game Table 2 Game Table 1 Player 2 Player 2 S1 S2 Si S2 RI (3,-3) (-5,5) Player 1 R1 3 -5 RI (0,0) (7,-7) R1 7 Player 1 All players payoff shown =) Fnd Nasn ewwliLtlun> zero sum shorthand
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6. Most Bengal tigers (Panthera tigris) are orange with black stripes. Occasionally, however, they can be white with black stripes. The white phenotype is recessive to orange. In one study, a white and an orange tiger were bred in a zoo. These 2 tigers eventually bad 10 offspring: 4 white and 6 orange. What are the genotypes of the two parents? 6. If the orange tiger from the previous question is crossed with one of its orange offspring, what is the probability of obtaining a white tiger from the cross? 7. In snapdragons, a species of plant, red flower color is incompletely dominant over white, the heterozygotes being pink. If you want to produce seed that will yield only pink flowering plants, what would you cross? 8. George has type A blood and his wife Harriet has type B blood. They have a daughter with type O blood. What is the probability that their next child will have type AB blood?
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QUESTION 8 S1, S2, S3 and S4 are UIUC students who just graduated. They each have a poster of Dolly Parton that they are willing to sell. B1, 82, B3 and B4 are new students at UIUC and want to buy Dolly Parton postern for their rooms. The tables below give the minimum selling prices and maximum buying prices for each student. Minimum Selling Prices Maximum Buying Pricen X+$9 S1 $10 B1 S2 $11 B2 X+$14 S3 $20 B3 X+$16 S4 $25 B4 X+$26 If X is negative $5 (.e., Xu-$5), what is the market-clearing price? Note: Do not include the dollar sign,

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