CAMPAIGN STRATEGIES Bella Robinson and Steve Carson are running for a seat in the U.S. Senate. If both candidates campaign only in the major cities of the state, then Robinson will get
a. Construct the payoff matrix for the game, and show that it is not strictly determined.
b. Find the optimal strategy for both Robinson and Carson.
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Chapter 9 Solutions
Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
- Your class gets to elect a representative for the school council. The two choices are Lizzy and Michael. Polling of the class shows that Polly is preferred by 53% to 47% over Michael. However, before the vote is held, a new choice for representative is put forth by a student: Rodney. Many of the students that prefer Polly, would rather have Rodney. The results of the vote are below. Michael 45% Polly Rodney 35% 17% What statement below is correct about adding a third choice to the plurality vote? Rodney did not win the vote, but it had no effect on drawing enough support away from Polly to make Michael the winner, even though a majority of students preferred Polly over Michael when there were two choices. Rodney did not win the vote, but it draws enough support away from Polly to make Michael the winner, even though a majority of students preferred Polly over Michael when there were two choices. Rodney did not win the vote, so because of this Polly should win the vote over Michael. a…arrow_forwardTwo candidates are running for school president. The two choices are Emilio and Jose. The school's newspaper has been doing some polling. Polling shows Emilio is preferred by a small majority, 52% for Emilio to 48% for Jose. However, before the vote is held, a new candidate has decided to run: Paul. Not a lot of people like Paul, but there are some Emilio supporters who would actually vote for Paul. The results of the vote are below. Jose 48% Emilio 45% Paul 7% What statement below is correct about adding a third candidate to the plurality vote? Paul did not win the vote, but it has no effect on drawing enough support away from Emilio to make Jose the winner, even though a majority of students preferred Emilio over Jose when there were two candidates. Paul did not with the vote, but he draws enough support away from Emilio to make Jose the winner, even though a majority of students preferred Emilio over Jose when there were two candidates. Paul did not win the vote, so because of this,…arrow_forwardTwo mining companies, Red and Blue, bid for the right to drill a field. The possible bids are $ 15 Million, $ 25 Million, $ 35 Million, $ 45 Million and $ 50 Million. The winner is the company with the higher bid. The two companies decide that in the case of a tie (equal bids), Red is the winner and will get the field. Company Red has ordered a geological survey and, based on the report from the survey, concludes that getting the field for more than $ 45 Million is as bad as not getting it (assume loss), except in case of a tie (assume win). (a) State reasons why/how this game can be described as a two-players-zero-sum game (b) Considering all possible combinations of bids, formulate the payoff matrix for the game. (c) Explain what is a saddle point. Verify: does the game have a saddle point? (d) Construct a linear programming model for Company Blue in this game.(e) Produce an appropriate code to solve the linear programming model in part. (f) Solve the game for Blue using the linear…arrow_forward
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