Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 20, Problem 1QAP
To determine

Difference between the outcomes of people with religious training and people with strategic game.

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Economics Game theory: Consider a collective action game with thirty individuals (N = 30). When the number of participants in the joint project is n, each individual, including shirkers, receives a benefit of B(n) = 18n and each participant incurs a cost of C(n) = 32 – 2n. Please answer the questions I am asking! 1. Find all of the Nash equilibria, both stable and unstable ones. 2. Find the socially optimal outcome. 3. Check if any of the Nash equilibria is socially optimal. Explain your answer.
would it be -3? if not, how do i find it? game theory
Suppose China and the US are deciding whether to join an international agreement to mitigate climate change. The matrix below contains payoffs that represent each country’s net benefit from their decisions. Use this information to answer Question 24.   CHINA       USA   Join Agreement Do Not Join Agreement   Join Agreement (100,100) (0,125)   Do Not Join Agreement (125,0) (25,25)     [24] What does each country decide to do in a Nash equilibrium?  AND  What is the efficient outcome? Nash: Efficient:
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