- Four roommates are planning to spend the weekend in their dorm suite watching old ont movies, and they are debating how many to watch. The table below contains their willingness to pay for each film.

How many sellers/firms is a few? How would you define “strategic decision-making?” How does game theory relate to strategic decision-making?

Let us see the example of Juan and María given but modify their preferences. It is still the case that they are competitive and are deciding whether to show up at their mom’s house at 8:00 A.M., 9:00 A.M., 10:00 A.M., or 11:00 A.M. But now they don’t mind waking up early. Assume that the payoff is 1 if he or she shows up before the other sibling, it is 0 if he or she shows up after the other sibling, and it is 1 if they show up at the same time. The time of the morning does not matter. Find all Nash equilibria.

**Practice***  Amy and Bob are playing the following board game:(I) Amy starts. She has three possible actions: Pass, Attack, or Defend.(II) Bob observes what Amy chose, and then chooses between three actions with the same names: Pass, Attack, or Defend.(III) If either player passes, or one attacks and the other defends, then the game ends. But if either both players attack, or if both players defend, then Amy has to choose between two actions: Respond or Not Respond. The payoffs are as follows:-  If both players pass, both players get a payoff of 0.- If a player attacks and the other player defends, the player that attacks gets a payoff of 1, while the player that defended gets a payoff of 2.- If a player passes but the other player attacks or defends, the player who passes gets a payoff of -1, and the player who attacked or defended gets a payoff of 3.- If both players attack or both players defend:– If Amy responds, she gets a payoff of 4, and Bob gets a payoff of 0.– If Amy does…

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?”

Japan's Elpida Memory entered court management and was acquired by Micron. The media reportedthat it was the result of the semiconductor chicken game.￭Question (a) Where is the Nash Equilibrium?￭Question (b) What is the mixed-strategy equilibrium?  – find out x and y￭Question (c) What is the probability of a chicken game?

Assume that two people are bargaining over how to split the surplus of their joint efforts, which total $100. The only difference between the two is that player A has an associated interest rate of 5 percent and player B has an associated interest rate of 20 percent. Based on Nash bargaining theory, what share of the $100 ill Player A wind up with? (Please provide your answer in $ style format)

6,7

Don't use Ai

I hope you can draw a picture and analyze it, thank you.