Are there any equilibria in pure strategies

Reference no: EM133659715

Problem: Take a look at Stickk's business model. Consider an example of the game that your current self would be playing with your future self when you come up with a new year's resolution. Suppose your current self (The Planner) may choose between putting something at stake or not. (S)he will derive some positive happiness utility (of +100) if you achieve your goal but has to incur a small annoyance (-20) of putting something at stake. Your future self (The Procrastinator) may choose between taking action towards your goal or doing something else. Taking action is annoying (costs -20) and (s)he will derive happiness utility of (+100) from doing something else. However, if (s)he does something else and there is something at stake, (s)he will derive utility x.. Are there any equilibria in pure strategies?

Reference no: EM133659715

Questions Cloud

What is the most elizabeth would be willing to pay dan : How valuable is this externality? Explain and show calculations. What is the most Elizabeth would be willing to pay Dan? Explain.

Describe different purposes of assertion-based examination : Describe the different purposes of assertion-based examination and direct examination engagements. Analyze the level of assurance for each type of engagement.

Which promoted the great chain of life : This is why, at a certain point in the development of the industrial movement, there was a counter-revolution in the name of "Romanticism".

Issues of one of these journals : Issues of one of these journals: Journal of Accountancy, Internal Auditor, Strategic Finance, and Management Accounting. Next, count the number of articles

Are there any equilibria in pure strategies : However, if (s)he does something else and there is something at stake, (s)he will derive utility x.. Are there any equilibria in pure strategies?

Why is it important to select the correct cycle date : Why is it important to select the correct cycle date? To make sure I am approving the correct cycle of transactions and card accounts To look for future

Which statements about us paymentech providers might be true : Most of us were not yet born when the US experienced. In this hyper-inflationary situation, which statements about US paymentech providers might be true?

Statement button become enabled so you can click : statement button become enabled so you can click to certify the managing account? When I drill down into a transaction After each transaction is approved

What factors determine the elasticity of resource demand : What factors determine the elasticity of resource demand? What effect will each of the following have on elasticity or the location of the demand for resource C

User Account

All Pages