Thomas' Calculus and Linear Algebra and Its Applications Package for the Georgia Institute of Technology, 1/e
5th Edition
ISBN: 9781323132098
Author: Thomas, Lay
Publisher: PEARSON C
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Chapter 9.1, Problem 23E
Find the optimal strategies and the value of the game in Example 2.
EXAMPLE 2 Again suppose that each player has a supply of pennies, nickels, and dimes to play, but this time the payoff matrix is given as follows:
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For the situation, identify the two players and their possible choices, and construct a payoff matrix for their conflict.
In an attempt to gain more viewers, Channel 86 and Channel 7 are each trying to decide whether to schedule a quiz show or a reality series in their 8:00 prime time slot. Market research indicates that if Channel 86 chooses a quiz show, it will gain 5% of the market if Channel 7 runs a quiz show and lose 8% if Channel 7 runs a reality series, while if Channel 86 chooses a reality series, it will gain 9% if Channel 7 runs a quiz show and lose 9% if Channel 7 runs a reality series. [Hint: Use Q and R for quiz show and reality series.]
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. The table below states the payoffs in political points (measured in billions of rubles) to two nations that are rivals in world politics, Russia and Ukraine. Each country can take one of two courses: peace; or war. In each cell, the first payoff is for Russia, and the second payoff is for Ukraine.
(a) Assume that neither country observes the military strategy of its rival, and solve the game (if it can be solved). Explain your solution step-by-step. Does this outcome maximize total political points?
(b) In general, what is a Nash equilibrium? Is the solution to this game a Nash equilibrium?
(c) Suppose that each country deposits a fund of two billion rubles with the United Nations. Either country would forfeit this fund if it wages war. What is the solution now to the game? Is this a Nash equilibrium?
Russia, Ukraine
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4,4
1, 5
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5, 1
2,2
Write the payoff matrix for the given game, use Rick as the row player.
Two friends, Rick and Carl, play the following game. Each one has a coin, and each decides which side to turn up. They show the coins simultaneously and make payments according to the following. If both show heads, Rick pays Carl 50 cents. If both show tails, Rick pays Carl 25 cents. If a head and a tail show, Carl pays Rick 35 cents.
Chapter 9 Solutions
Thomas' Calculus and Linear Algebra and Its Applications Package for the Georgia Institute of Technology, 1/e
Ch. 9.1 - Find the optimal strategies and the value of the...Ch. 9.1 - Player R has a supply of dimes and quarters....Ch. 9.1 - Prob. 2ECh. 9.1 - In the traditional Japanese childrens game janken...Ch. 9.1 - Prob. 4ECh. 9.1 - Prob. 5ECh. 9.1 - Find all saddle points for the matrix games in...Ch. 9.1 - Find all saddle points for the matrix games in...Ch. 9.1 - Find all saddle points for the matrix games in...Ch. 9.1 - Prob. 9E
Ch. 9.1 - Prob. 10ECh. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - Prob. 16ECh. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 11-18, find the optimal row and...Ch. 9.1 - In Exercises 21 and 22, mark each statement True...Ch. 9.1 - In Exercises 21 and 22, mark each statement True...Ch. 9.1 - Find the optimal strategies and the value of the...Ch. 9.1 - Bill and Wayne are playing a game in which each...Ch. 9.1 - Consider the matrix game A=[abcd] where A has no...Ch. 9.2 - Consider the following problem: Maximize 2x1 + x2...Ch. 9.2 - Graph the feasible set for Practice Problem 1.Ch. 9.2 - Find the extreme points of the feasible set in...Ch. 9.2 - Use the answer to Practice Problem 3 to find the...Ch. 9.2 - Betty plans to invest a total of 12,000 in mutual...Ch. 9.2 - A dog breeder decides to feed his dogs a...Ch. 9.2 - In Exercises 3-6, find vectors b and c and matrix...Ch. 9.2 - In Exercises 3-6, find vectors b and c and matrix...Ch. 9.2 - In Exercises 3-6, find vectors b and c and matrix...Ch. 9.2 - In Exercises 3-6, find vectors b and c and matrix...Ch. 9.2 - In Exercises 7-10, solve the linear programming...Ch. 9.2 - In Exercises 7-10, solve the linear programming...Ch. 9.2 - Prob. 9ECh. 9.2 - Prob. 10ECh. 9.2 - Prob. 11ECh. 9.2 - Prob. 12ECh. 9.2 - Prob. 13ECh. 9.2 - Prob. 14ECh. 9.2 - Prob. 15ECh. 9.2 - Prob. 16ECh. 9.2 - Prob. 17ECh. 9.2 - Prob. 18ECh. 9.2 - Prob. 19ECh. 9.3 - Use the simplex method to solve the following...Ch. 9.3 - In Exercises 1 and 2, set up the initial simplex...Ch. 9.3 - Prob. 2ECh. 9.3 - Prob. 3ECh. 9.3 - Prob. 4ECh. 9.3 - Prob. 5ECh. 9.3 - Prob. 6ECh. 9.3 - Exercises 7 and 8 relate to a canonical linear...Ch. 9.3 - Prob. 9ECh. 9.3 - Prob. 10ECh. 9.3 - Prob. 11ECh. 9.3 - Solve Exercises 9-14 by using the simplex method....Ch. 9.3 - Solve Exercises 9-14 by using the simplex method...Ch. 9.3 - Solve Exercises 9-14 by using the simplex method....Ch. 9.3 - Solve Example 7 by bringing x1 into the solution...Ch. 9.3 - Use the simplex method to solve the linear...Ch. 9.3 - Prob. 17ECh. 9.3 - Use the simplex method to solve the linear...Ch. 9.4 - The following questions relate to the Shady-Lane...Ch. 9.4 - The following questions relate to the Shady-Lane...Ch. 9.4 - Prob. 3PPCh. 9.4 - Prob. 1ECh. 9.4 - Prob. 2ECh. 9.4 - Prob. 3ECh. 9.4 - In Exercises 1-4, state the dual of the given...Ch. 9.4 - In Exercises 5-8, use the final tableau in the...Ch. 9.4 - In Exercises 5-8, use the final tableau in the...Ch. 9.4 - In Exercises 5-8, use the final tableau in the...Ch. 9.4 - In Exercises 5-8, use the final tableau in the...Ch. 9.4 - Exercises 9 and 10 relate to a primal linear...Ch. 9.4 - Sometimes a minimization problem has inequalities...Ch. 9.4 - Sometimes a minimization problem has inequalities...Ch. 9.4 - Sometimes a minimization problem has inequalities...Ch. 9.4 - Sometimes a minimization problem has inequalities...Ch. 9.4 - Exercises 15 and 16 refer to Exercise 15 in...Ch. 9.4 - Exercises 15 and 16 refer to Exercise 15 in...Ch. 9.4 - Solve the matrix games in Exercises 17 and 18 by...Ch. 9.4 - Solve the matrix games in Exercises 17 and 18 by...Ch. 9.4 - Solve the matrix game in Exercise 9 in Section 9.1...Ch. 9.4 - Solve the matrix game in Exercise 10 in Section...Ch. 9.4 - Prob. 22ECh. 9.4 - Prob. 23E
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- not use ai pleasearrow_forwardSubject:arrow_forwardFor the situation, identify the two players and their possible choices, and construct a payoff matrix for their conflict. Andersonville has two gas stations, Ralph's Qwik-Serv and Charlie's Gas-n-Go. Both Ralph and Charlie are considering raising prices by 1¢, staying with their current prices, or lowering prices by 1¢. If they both make the same choice, there will be no change in their market shares, but if they make different choices, the one with the lower price will gain 4% of the market for each penny difference in their prices. Charlie R S L Ralph R S L % % % % % % % % %arrow_forward
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