Consider the following game where two players have to decide if they want to buy a movie ticket or a baseball ticket. They have the highest payoffs when they both buy tickets to the same activity, but must decide simultaneously what to buy without knowing what the other person will do.  a. Does either player have a dominant strategy? b. How many equilibria does this game have? c. Is this an example of a prisoner’s dilemma? Explain. d. What will be the outcome if your friend buys their ticket first and you can observe their choice?

Consider the following game : Stag Rabbit Stag 9, 9 0, 8 Rabbit 8, 0 7, 7 The first payoff is that of player 1 and the second that of player 2. a. ) Draw the extensive form of the simultaneous game. Find all the Nash equilibrium. p. Suppose player 1 moves first or we are in a sequential game now. Draw the extensive form in the sequential version. c. What is the subgame perfect Nash Equilibrium (SPNE) in the sequential version? d. ) Explain why it is an SPNE.

K In a game, there are two players: Player 1 and Player 2. They have two strategies to select from, A and B. Where the first payoff and the second payoff in every cell is for Player 1 and Player 2 respectively. Which of the following is an example of a game without a dominant strategy? (Check all that apply.) A. C. Player 1 Player 1 A B A B A 3,-3 1, 1 A 2,1 0,0 Player 2 Player 2 B 3, -3 5, -5 B 0,0 1,2 B. D. Player 1 Player 1 A B A B A 1,-1 -1, 1 Player 2 Player 2 A 3.5, -1.5 2.7, -1 B -1, 1 1,-1 B -5, 3 0,0 If the dominant strategy for Player 1 is selecting strategy A and the dominant strategy for Player 2 is strategy B, then A B is an example of a c From ame C Murat Çok Di id Kushn y My Hand

The following payoff table lists the profits of a buyer and a seller. The seller acts first by choosing a sale price ($9, $8, or $6). The buyer then decides the quantity of the good to purchase (two units, four units, six units, or eight units). a. Suppose the buyer and seller transact only once. Does the buyer have a dominant strategy? Depending on the price quoted, what is his best response? What price should the seller set? Explain carefully. Buyer Quantities 2 Units 4 Units 6 Units 8 Units P $9 10, 6 20, 5 30, 0 40, 8 Seller P $8 8, 8 16, 9 24, 6 32, 0 Prices P $6 4, 12 8, 17 12, 18 16, 16 b. Suppose the seller and buyer are in a multiyear relationship. Each month, the buyer quotes a price and the seller selects her quantity. How might this change each player’s behavior? c. Now suppose the buyer and seller are in a position to negotiate an agreement specifying price and quantity. Can they improve on the result in part (a)? Which quantity should they set? What price would be…