Stone Cardboard ShearsStone5/64/33/7Cardboard 3/20/14/5Shears6/32/05/1Select all Nash-equilibria in pure strategies in this game.Stone-StoneO a.O b. Stone-CardboardStone-ShearsO d. Cardboard-StoneO e. Cardboard-CardboardO f. Cardboard-Shearsg. Shears-StoneO h. Shears-Cardboardi.Shears-ShearsOj.This game does not have a Nash-equilibrium in pure strategies.

Nash equilibrium is a condition when no player has an incentive to deviate. All the players play…

Answered: Stone Cardboard Shears Stone 5/6 4/3…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the extensive form game shown here. The top payoff at a terminal node is for player 1. Find all subgame perfect Nash equilibria for the game below.
Consider the following three-player game represented in extensive form: Player 3 L Player 2 Player 1 R Player 2 U D Player 3 (0,2,0) U D U D (0, 1, 1) (0, 3, k) (0, 4, 3) (0,4,2) U D How many pure-strategy subgame-perfect Nash equilibria are there in this game if k > 1? 5 3 7 1 It depends on the value of k. (2,2, 0)
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Up Down Up (down, up) (down, down) No EFFICIENT equilibrium exists Down Up Down Player 2 Player 1 In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium? (up,up) (up,down) P1 gets $25 P2 gets $15 P1 gets $10 P2 gets $10 gets $15 P1 P2 gets $5 P1 gets $15 P2 gets $25
2- Consider the following game. Player 2 Player 1 U 12, 2 | 3, 9 5, 8 4, 2 D (a) Find all the Nash equilibria, pure and mixed. (b) Suppose that the payoff of the column player u:(D, L) is reduced from 8 to 6, but all other payoffs remain the same. Again, find all the pure- and mixed-strategy Nash equilibria. (c) Compare the mixed-strategy equilibria in parts (a) and (b). Did this worsening in one of player 2's payoffs change player 2's equilibrium mixed strategy? Did it change player l's? Give some intuition.
Refer to Table Left-Right-ZigZag. How many pure strategy Nash equilibria does this game have? Table: Left-Right-ZigZag Player 1 Drive left Driver right Zigzag 1) 1 2) 2 3) 3 4) 4 5) None of the above. Drive left (1,1) (-1,-1) (0,0) Player 2 Driver right (-1,-1) (1,1) (0,0) Zigzag (0,0) (0,0) (0,0)
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For the game given, use the best-reply method to find the Nash equilibria.
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Stone Cardboard Shears Stone 5/6 4/3 3/7 Cardboard 3/2 0/1 4/5 Shears 6/3 2/0 5/1 Select all Nash-equilibria in pure strategies in this game.