Determining backward induction

Assignment Help Mathematics

Reference no: EM13131537

There are 5 pirates and a pot of 100 gold pieces. All the pirates have different ranks. The most senior pirate has to propose a split of the gold, such that at least half of the pirates agree. If he cannot get a 50% vote, then he must walk the plank and get eaten by sharks. Then, the next most senior pirate will propose a split, and so on. Assume that the pirates are rational thinkers and extremely greedy (i.e. they want to maximize their gold).

Reference no: EM13131537

Questions Cloud

How much of gas will dissolve : If 0.80 g of sulfur dioxide at 10.00 atm pressure (P) dissolves in 5.00 L of water at 25.0°C, how much of it will dissolve in 1 L of water at 9.00 atm pressure (P) and the same temperature?

Break-even point will increase or decrease : Mark Company currently sells a video recorder with a selling price of $300 per unit. The variable expense per unit is $175 and fixed expenses are $100,000. If the company reduces variable expenses by $20 per unit and increases the fixed expenses b..

What is the molarity of the hcl solution : It was found that 19.31 mL of an HCl solution are needed to react completely with 322 mL of a LiOH solution that has a pH of 11.56. What is the molarity of the HCl solution?

Explain bromine addition to trans-cinnamic acid : Bromine addition to trans-cinnamic acid, During bromine addition to trans-cinnamic acid, why is it necessary to maintain excess bromine in the reaction mixture

Determining backward induction : There are 5 pirates and a pot of 100 gold pieces. All the pirates have different ranks. The most senior pirate has to propose a split of the gold, such that at least half of the pirates agree.

Specific value statement : specific value statement. What would my personal vision and aspirations for the future be? What are my values? Describe life-long possibilities. What type of person would that be?

Monopolization of businesses : "Monopolies are very efficient." Do you agree or disagree? Provide justification for our response.

What proceeds does mayberry receive from the investors : Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What proceeds does Mayberry receive from the investors?

How company select t to maximize the expected profit : The computer breaks down x times during t hours, it costs 50x2 dollars to fix it. How should the company select t in order to maximize the expected profit?

User Account

All Pages