Show that if a zero-sum game has a saddle point in every 22 submatrix, then it has a saddle point.
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- If you played the game in Exercise 1 many times, then you would expect your average payoff per game lo be about $ ____________.Consider the following constant sum game: 6 3 7 2 6 5 10- 7 Assume that the value of x is known to both players. Which of the following statements is correct? Provide an explanation. a) There is always a saddle point for this game. b) There is never a saddle point for this game. c) There is a saddle point only if x>6. d) A saddle point may exist if 4 ≤ x ≤9. e) A saddle point may exist if x ≤ 6.A set of dice is called intransitive (or non-transitive) if it contains three dice, A, B, C, with the property that A rolls higher than B more than half the time, and B rolls higher than C more than half the time, but it is not true that A rolls higher than C more than half the time. In other words, a set of dice is intransitive if the binary relation a higher number than Y more than half the time (reproduced from Wikipedia: Intransitive Dice) Consider the following set of dice: X rolls is not transitive on its elements. - • Die A has sides {2,2,4, 4, 9,9}. • Die B has sides {1, 1,6, 6, 8, 8}. • Die C has sides {3,3,5, 5, 7, 7}. You can readily verify that the probability of rolling die A higher than B is 5/9, and similarly for B > C and C > A (see Wikipedia article above). For this question, assume you roll all three dice at once and are interested in which one gives the highest number overall. Define the event HA="die A is the highest overall", and similarly for HB, Hc. (a) Are the…
- Consider a two-player game that is set up with two piles of stones. The two players are taking turns removing stones from one of the two piles. In each turn, a player must choose a pile and remove one stone or two stones from it. The player who removes the last stone (making both piles empty) wins the game. Show that if the two piles contain the same number n ∈ Z+ of stones initially, then the second player can always guarantee a win.Data on the 4000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 4000 mutualfunds surveyed, 3000 funds had a high 5-year return, 2000 had a high 10-yearreturn, and 1500 had both a high 5-year return and a high 10-year return Given that a mutual fund had a high 5-year return, what is theprobability of a mutual fund having a high 10-year return?Consider the four-player game with the followingcharacteristic function:v({1, 2, 3}) v({1, 2, 4}) v({1, 3, 4})v({2, 3, 4}) 75 v({1, 2, 3, 4}) 1001, 2, v({3, 4}) 60v(v(S) 0 for all other coalitionsShow that this game has an empty core.
- In the "normal version" of a game called NIM, there are two players. At the start, two piles of matches are placed on the table in front of them, each containing two matches. In turn, the players take any (positive) number of matches from one of the piles. The player taking the last match wins. Assuming optimal play, which player is sure to win in this game? O The winner cannot be determined. O Player 1 O Player 2Three ballpoint pens are selected at random from a box that contains 2 blue pens, 2 redpens, and 2 green pens. If X is the number of blue pens selected and Y is the number ofred pens selected, find the covariance between X and Y . Show work.Consider a game with n ∈ N participants which are somehow ordered (P1, P2, ..., Pn). The game starts with the first numbered player (P1) tosses a fair coin until the first “Tail” appears. By x1 we denote the number of flips made by P1. Player P1 is eliminated from the game if x1 < y. In this case, the second player tosses a fair coin until the first “Tail” appears. Similarly, by x2 we denote the number of flips made by P2. Player P2 is eliminated from the game if x1 + x2 < y. The game proceeds this way until either the total number of coin flips attains y, or all players are eliminated. All those players who are not eliminated at the end of the game are winners. Find the expected number of tosses for a player i (E(xi)) assuming there is no limit on the total number of flips (y).
- Consider a game with n ∈ N participants which are somehow ordered (P1, P2, ..., Pn). The game starts with the first numbered player (P1) tosses a fair coin until the first “Tail” appears. By x1 we denote the number of flips made by P1. Player P1 is eliminated from the game if x1 < y. In this case, the second player tosses a fair coin until the first “Tail” appears. Similarly, by x2 we denote the number of flips made by P2. Player P2 is eliminated from the game if x1 + x2 < y. The game proceeds this way until either the total number of coin flips attains y, or all players are eliminated. All those players who are not eliminated at the end of the game are winners. Suppose n = 2 and the rules of the game are slightly changed. Now players toss a coin one after the other (starting with P1). A player is eliminated if “Tail” appears on its move and the total number of flips made by both players are less than y = 5. The game stops when either the total number of flips attains 5, or both…A two-person zero-sum game with an nn reward matrix A is a symmetric game if A AT. a Explain why a game having A AT is called asymmetric game.b Show that a symmetric game must have a value ofzero.c Show that if (x1, x2,..., xn) is an optimal strategy for the row player, then (x1, x2,..., x n) is also an opti-mal strategy for the column player. d What examples discussed in this chapter are sym-metric games? How could the results of this problem make it easier to solve for the value and optimal strate-gies of a symmetric game?Among the senior class at a high school, 55% of Ms. Keating's students plan on majoring in a branch of STEM, while 49% of Ms. Lewis's students plan on majoring in a branch of STEM. Suppose Ms. Keating chooses 25 of her students at random and Ms. Lewis chooses 23 of her students at random. Since ngPK, nk (1 - Pk) and n PL, n̟ (1-PL) are all greater than 10, the Normal condition is met. Let K = the proportion of Ms. Keating's students from the sample who plan on majoring in a branch of STEM, and let L= the proportion of Ms. Lewis's students from the sample who plan on majoring in a branch of STEM. What is the probability that the proportion of students who plan on majoring in a branch of STEM is greater for Ms. Keating? Find the z-table here. 0.338 0.614 0.662 0.841

