Consider two firms with constant marginal and average costs, and equal to 10. Market demand is Q = 500 - 20P. Firms choose quantities simultaneously as in the Cournot model. The solution for the Nash Equilibrium gives a total output equal to and total market profit equal to. (NOTE: Write your first

The Tampa Tribune and the St. Petersburg Times compete for readers in the Tampa Bay market for newspapers. Recently, both newspapers considered changing the prices they charge for their Sunday editions. Suppose they considered the following payoff table for making a simultaneous decision to charge either a low price of $0.50 or a high price of $1.00.  Tampa’s profits are shown in regular type.  St. Petersburg’s profits are shown in bold. 6. Is there a Nash Equilibrium in this game?  If so, which cell(s) is/are the Nash?  Is/are the Nash Dominant Strategy Equilibrium?

Typed plz and asap thanks

Imagine a game where individuals can be either cooperative (like splitting a resource) or selfish (like grabbing the entire resource). Depending on the relative costs and benefits of interacting and the resource, there might be a variety of possible payoff matrices for such an interaction. Of the following matrices, which one illustrates the largest “temptation to cheat?”

Profits for two competing firms depend on the decisions to advertise or not to advertise as follows: If neither firm advertises, each makes a weekly profit of $100. If one firm advertises while the other does not, the firm that advertises makes $120 while the firm that doesn’t advertise makes $60. If both firms advertise, each firm makes $80. (a)  What is the Nash equilibrium? Is this outcome efficient, from the perspective of the two firms? (b)  How does the outcome of the game change if the parties can make a binding agreement in advance about advertising practices? (c)  How does the game change if it is repeated over the course of many weeks (but the firms cannot make a binding agreement about how much advertising they will do)?

PLEASE CHECK THIS  HOW TO SOLVE  PLEASE TEACH  EXPLAIN STEP BY STEP

A B 2 2 C 3,2 D 2,1 E 1,1 F In this game, the strategy profile (B.CE) is 4 2.2 not a Nash equilibrium a subgame imperfect Nash equilibrium a subgame perfect Nash equilibrium

Identify a real-world situation in which you see game theory/strategic behavior in action. Explain the game: Who are the players ? What are the strategies they have at their disposal? How are payoffs determined? What, if any, is the Nash equilibrium? Note, this article from Up Journey might help you come up with an example: https://upjourney.com/game-theory-examples-in-real-life

For problem 1 and 2, consider the following game : с D A (0,5) (5,-5) B (3, 1) (1, 0) 1. Show that the game above doesn't have a pure Nash equilibrium. 2. Show that the game above has a unique mixed Nash equilibrium, and describe the playing strategy.

The Marketplace of Perceptions _Craig Lambert_.pdf Just as "perfect competition" may be more of an ideal than a description of an actual market, so to the idea of "economic man", who always acts with rational self-interest. Please follow the above link and respond to an article that discusses the rise of behavioral economics as a relatively new field of study in the last 30 years. Share two things: what do you recognize in your own behavior that is described as 'behavioral economics' in the article. identify an issue from world news that is better understood when seen through the lens of behavioral economics. "Economic Man makes logical, rational, self-interested decisions that weigh costs against benefits and maximize value and profit to himself. Economic Man is an intelligent, analytic, selfish creature who has perfect self-regulation in pursuit of his future goals and is unswayed by bodily states and feelings. And Economic Man is a marvelously convenient pawn for building…