A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Debbie
Craft Fair
Monster Trucks
Kyle:
10
Kyle:
Debbie: 8
Debbie: 1
Kyle
Kyle:
7
Kyle:
Debbie: 7
Debbie: 9
Please use the game table above to find Kyle and Debbie's mixed strategy equilibria.
W = Probability Kyle goes to Craft Fair.
(1 – W) = Probability Kyle goes to Monster Trucks.
1.
Use this information to find Kyle's optimal probability of going to the craft fair and
monster trucks. Hint, what values of W and (1 - W) make Debbie indifferent to choosing
either craft fair or monster trucks?
Z = Probability Debbie goes to Craft Fair.
(1 – Z) = Probability Debbie goes to Monster Trucks.
2.
Use this information to find Debbie's optimal probability of going to the craft fair and
monster trucks. Hint, what values of Z and (1 - Z) make Kyle indifferent to choosing
either craft fair or monster trucks?
Craft fair
Monster Trucks
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Transcribed Image Text:Debbie Craft Fair Monster Trucks Kyle: 10 Kyle: Debbie: 8 Debbie: 1 Kyle Kyle: 7 Kyle: Debbie: 7 Debbie: 9 Please use the game table above to find Kyle and Debbie's mixed strategy equilibria. W = Probability Kyle goes to Craft Fair. (1 – W) = Probability Kyle goes to Monster Trucks. 1. Use this information to find Kyle's optimal probability of going to the craft fair and monster trucks. Hint, what values of W and (1 - W) make Debbie indifferent to choosing either craft fair or monster trucks? Z = Probability Debbie goes to Craft Fair. (1 – Z) = Probability Debbie goes to Monster Trucks. 2. Use this information to find Debbie's optimal probability of going to the craft fair and monster trucks. Hint, what values of Z and (1 - Z) make Kyle indifferent to choosing either craft fair or monster trucks? Craft fair Monster Trucks
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