Determine the nash equilibrium for given game

Assignment Help Game Theory
Reference no: EM131614111

Que.

Two guys (suffering from testosterone poisoning) engage in the game of chicken. They drive toward each other in the middle of a road. As they approach the impact point, each has the option of continuing to drive down the middle of the road or to swerve.

Both believe that if only one drive swerves, that driver loses face (payoff=0) and the other gains in self-esteem (payoff=2). If neither swerves, they are maimed or killed (payoff = -10). If both swerve, no harm is done to either (payoff=1).

Show the payoff matrix for the two drivers engaged in this game of chicken. Determine the Nash equilibrium for this game.

Reference no: EM131614111

Questions Cloud

Clear violation of the rules of their employer : Two stockbrokers, in clear violation of the rules of their employer, sold worthless stocks to unsuspecting customers. There was no question
At what point the car have the longest acceleration : A racing car drives clockwise around the track shown in Figure at a constant speed. At what point on the track does the car have the longest acceleration.
Define what are the positives and negatives of both : What are the positives and negatives of both. Do you believe that either option alone is the long-term incarceration solution
Business and propelling globalization : What problems have arisen regarding use of the internet for global business transactions, and how are they being resolved?
Determine the nash equilibrium for given game : Show the payoff matrix for the two drivers engaged in this game of chicken. Determine the Nash equilibrium for this game.
Refine and expand your vision of a career in psychology : Refine and expand your vision of a career in psychology in light of the practitioner-scholar model.
Media article analysis : Media Article Analysis - Select an article from popular media - either a newspaper article or a magazine article
What factors should be used to gauge the quality of previous : What factors should be used to gauge the quality of previous research? Why are these important in making this assessment?
Define curves and speeding up along the straight portions : A car drives clockwise around the track in Figure, slowing down at the curves and speeding up along the straight portions.

Reviews

Write a Review

Game Theory Questions & Answers

  Use the best-response approach to find all nash equilibria

Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Pertaining to the matrix game theory problem

Pertaining to the matrix need simple and short answers, Find  (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.

  Nash equilibria

Consider the two-period repeated game in which this stage game is played twice and the repeated-game payo s are simply the sum of the payo s in each of the two periods.

  Find the nash equilibrium

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.

  Construct the payoff matrix for the game

The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.

  Question about nash equilibrium

Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.

  Finding the nash equilibrium

Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.

  Nash equilibria to determine the best strategy

Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  Determine the nash equilibrium for trade policy

Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:

  Find the nash equilibrium outcomes

Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd