ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Find all Nash equilibria for the player 1 and player 2 of the following game with vNM preferences:
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- Find mixed-strategy Nash equilibria for the following two games.arrow_forwardFor various values of X(for player1 and player 2), find all Nash equilibria of the following game with von Neumann-Morgenstern preferences:arrow_forwardDerive all Nash equilibria of the following game. a1 b1 a1 2,7 3,2 b1 0,0 4,1arrow_forward
- Determine all of the Nash equilibria (pure-strategy and mixed-strategy equilibria) of the following game:arrow_forwardFind a separating perfect Bayes–Nash equilibrium for the figure below.arrow_forwardHere is a Bayesian BOS game. Man has a special preference t1 on boxing while woman has a special preference t2 on opera. Both are in [0,2]. The preference information is private. i.e. Each knows his (her) own preference but does not know the other's preference. The below is the payoff. M/W Boxing Opera Воxing 3+t1,1 0,0 Opera 0,0 1,3+t2 We are checking whether the below strategy profile is a Bayesian Nash Equilibrium. "Man chooses boxing if t1>p while woman chooses opera if t2>g." 1) Given t1, man will choose boxing if t1> /g- 2) Given t2, woman will choose opera if t2> /p- 4) By shoving the simultaneous equations, we get p=q=sqrt(6)-arrow_forward
- Jane is interested in buying a car from a used car dealer. Her maximum willingness to pay for thecar is 12 ($12,000). Bo, the dealer, is willing to sell the car as long as he receives at least 9($9,000). What is the Nash bargaining solution to this game?arrow_forwardSuppose that, in an ultimatum game, the proposer may not propose less than $1 nor fractional amounts, and therefore must propose $1, $2, …, or $10 (see image attached below). The responder must Accept (A) or Reject (R). Suppose, first, that this game is played by two egoists, for whom u(x,y)=x. Find all subgame-perfect equilibria in this game. Suppose, second, that this game is played by two altruists, for whom u(x,y) = ⅔(x)1/2 + ⅓(y)1/2. Find all subgame-perfect equilibria in this game.arrow_forward1.a) If the three executives of a fraudulent organization report nothing to the authorities, each gets a payoff of 100. If at least one of them blows the whistle, then those who reported the fraud get 28, while those who didn’t get -100. Suppose they play a symmetric mixed-strategy Nash equilibrium where each is silent (does not report fraud) with probability p. What is p?A, 0.1B, 0.28C, 0.5D, 0.8 b) In a two-player game, with strategies and (some known and some unknown) payoffs as shown below, suppose a mixed-strategy equilibrium exists where 1 plays C with probability 3/4, and Player 2 randomizes over X, Y, and Z with equal probabilities. What are the pure-strategy equilibria of this game? A, (A, Y) and (B, X)B, (A, Z) and (C, Y)C, (B, X) and (C, X)D, (C, X) and (C, Y)arrow_forward
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