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There are d democrats and r republicans voting in the US Presidential election. Each person decides whether to vote or not vote. The voters get a payoff of 2,1,0 if their preferred candidate wins, ties, or loses (respectively). Voters that vote incur a cost of 0 < c < 1 (which leads to respective payoffs of 2-c, 1-c,-c c). a) Suppose that d = r = 1. Write out the normal form game table, tell what game this is, and determine the Nash equilibrium. b) Now Suppose d = r > 1, find the set of Nash equilibria. Hints: Is there any NE in which everyone votes? Is there any NE in which there is a tie and not everyone votes? Is there any NE in which one of the candidates wins by one vote? Is there any NE in which one of the candidates wins by 2 or more votes? c) Now Suppose d < r, find the set of Nash equilibria.
How much do you have to deposit today in order to allow 5 annual withdrawals, beginning at the end of year 8, with the first withdrawal of $1000 with subsequent withdrawals decrease at the rate of 5% over previous year’s withdrawal? The interest rate..
New research suggests that cholesterol may not be as unhealthy as previously through. if so what will happen to the demand for eggs a high cholesterol food?
Elucidate the underlying experiment of interest when we want to examine the effects of cigarette smoking on workdays lost.
“The shopper is not expecting to develop a personal identity by choice of commodities; that would be too difficult. Shopping is agonistic, a struggle to define not what one is, but what one is not.” What does Douglas mean by this statement?
Assume that you agree with a venture capitalist that you will pay her $1.557 million 3.5 years from now for her investment in your invention. She requires you to set aside an amount of money semi-annually, starting now, to ensure for the $1.557 milli..
If undergraduate universities changed from a letter grading system (A,B,C,D,F) to a pass-fail system, what impact would this most likely have on the usefulness of education as an effective employee screening device? Analyze what effect this may have ..
Assuming that Dilbert continues to have access to his company’s valuable technology trash, can Dilbert argue that his job is especially lucrative because he can sell the old power cords and other “trash” for an added income stream above his paid sala..
These three empirical observations are explained by ‘Preferred Habitat theory'. First, completely explain Preferred Habitat theory. Next, explain how this theory explains all three empirical observations.
In a private company’s accounting system, inputs are _______________ and outputs are _________.
Elucidate how principles of economics affect decision-making, interaction and workings of economy as a whole.
define scarcity and opportunity cost. what role these two concepts play in the making of business decisions?a what is
Suppose that he can earn 5% on this long-term account, that he will make 40 deposits, and that he will make the first withdrawal one year after the last deposit. How big can Francisco's withdrawals be?
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