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- 29. What is another name for a simultaneous-move game of incomplete information? a. Dynamic Game of Complete Information b. Static Game of Complete Information c. Dynamic Bayesian Game d. Static Bayesian GameWhat is the Nash Equilibrium in a game? A. A situation where all players cooperate for maximum gain B. A situation where no player can improve their outcome by changing their strategy unilaterally C. A situation where players always choose the same strategy D. A situation where players randomly select strategiesa. Draw a game tree that represents this game. How many proper sub- games does it have? b. Are there other game trees that would work? Explain briefly. c. Construct the matrix representation of the normal form of this dynamic game.
- Once an original decision has been made, what happens on a game tree with each additional decision made by a player? A. A root sprouts downward. B. A new branch is formed. C. A new tree is created. D. A merger occurs between two branches.From your own understanding on the concept of “Game Theory”, what can you conclude about the relationship between rules of the game and the outcome that results?Give an example of a strategic game in which at the Nash equilibrium players play lotteries. Define the game and explain the logic that leads to the equilibrium choices.
- Look at the attached table. A. What are the Nash equilibrium to this game (if there are any)? B. Are any of the Nash equilibrium efficient? If yes, which one(s)? If any are inefficient, explain why.a. How many proper subgames does this dynamic game have? Explain briefly. b. Is it a game of perfect or imperfect information? Explain briefly. c. What is the subgame-perfect equilibrium of this game? Show that it is unique.need urgent help on this game theory question. Thanks!
- If no individuals prefer a different choice during games, it is known as Select one: a. Nash equilibrium b. Opponent win c. Optimal decision d. Strategic decisionUse the following extensive-form game to answer the following questions. a. List the feasible strategies for player 1 and player 2. b. Identify the Nash equilibria to this game. c. Find the subgame perfect equilibrium.Which of the following is true of a simultaneous-move game? a. It cannot be represented by a payoff matrix. b. It involves strategic interactions among a large number of players. c. All relevant benefits and costs of each action are taken into account. d. Players choose their actions after knowing the action of the first player.