Reference no: EM131086208
Econ 521 - Week 1
1. Hawk-Dove
Two animals are fighting over some prey. Each can be passive or aggresive. Each prefers to be aggresive if its opponent is passive and passive if its opponent is aggressive; given its own stance, it prefers the outcome in which its opponent is passive to that in which its opponent is aggresive. Can this situation be represented as a game? Why? If the answer is yes, show how. If not, explain why.
2. Strict and Weak Dominance
For the following game, determine for each player whether any action is strictly dominated or weakly dominated. Solve the game using iterated strict dominance.
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2
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L
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C
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R
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1
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T
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0,0
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1,0
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1,1
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M
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1,1
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1,1
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3,0
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B
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1,1
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2,1
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2,2
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How does your answer change if now the game is the following:
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2
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L
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C
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R
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1
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T
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0,0
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1,0
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1,1
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M
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1,1
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1,1
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3,0
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B
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2,3
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2,1
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2,0
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3. Iterated elimination of dominated strategies
In the following game,
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2
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L
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C
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R
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1
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T
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1,1
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1,1
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0,0
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B
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0,0
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1,2
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1,2
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(a) Describe the set of actions that survive the iterated elimination of strictly dominated actions.
(b) Describe the set of actions that survive the iterated elimination of weakly dominated actions.
(c) Is there any difference between your answers in (a) and (b)? Explain.
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Analyze a hacking case using wireshark
: Another option for the project is to analyze a hacking case using Wireshark. Wireshark is a free and open-source packet sniffer and protocol analyzer that you will learn about near the end of the class.
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Advertising regulations in foreign market
: What steps should be considered with advertising regulations in that foreign market?" Use examples to illustrate and consider culture, religion, tradition, and form of government.
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Broad range of talent management efforts
: Describe the broad range of talent management efforts that use software applications by reading The User's Voice: Understanding the Impact of Talent Management Software by Dr. K. Jones and hosted at IHRIM.org.
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Can higher percentage of women have high blood pressure
: Survey on Inevitability of War A sample of 200 teenagers shows that 50 believe that war is inevitable, and a sample of 300 people over age 60 shows that 93 believe war is inevitable. Is the proportion of teenagers who believe war is inevitable dif..
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Describe the set of actions that survive the elimination
: In the following game, Describe the set of actions that survive the iterated elimination of strictly dominated actions. Describe the set of actions that survive the iterated elimination of weakly dominated actions
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Describe where your main firewalls are
: Describe where your main firewalls are (both hardware-based and software-based). Indicate what devices are being used to connect, for example motherboard, USB, network interface card, Bluetooth, etc.
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What will is an immediate concern and what can wait
: What will is an immediate concern and what can wait? What additional types of assistance (other than initial 1st responders) would be helpful here? How would they be used?
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What happens if the two-sample t test is used
: Does it appear that the true average difference between intake values measured by the two methods is something other than zero? Deter- mine the P-value of the test, and use it to reach a conclusion at signi cance level .05.
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Define a business or management problem
: This week, you will define a problem or risk and provide objectives (this problem will be used in future weeks). Define a business or management problem and provide objectives.
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