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Develop Three standard operating procedures for working safely in a Salon or beauty business
Prove the following claims:- If strategy σk approaches a set C for player k, then it approaches every supersetof C for that player.
Suppose Auchan, a hyper-market chain based out of France, was considering opening three hypermarkets in the UAE.
Find and report the subgame perfect equilibrium. Note how equilibrium behavior depends on a. - What is the equilibrium monetary split as a becomes large? Explain why this is the case.
Prove that x1 + x2 + x3 = k, where k is the height of the triangle.- Describe a similar property in one-dimensional line segments.
A lottery requires that you select six different numbers from the integers 1 to 49. Write a Java program that will do this for you and generate five sets of six numbers as a result.
Write a paper that uses game theory to to set up a game designed to help a consumer decide whether to buy life insurance or not.
Chicken: In the classic game, “Chicken,” two angry youths drive their cars at one another in a foolish attempt to prove who is tougher.
Discuss four good options for Sean Frisky to start a successful business. The options may be around product, distribution, business model, or target customer.
Prove that there is a two-player strategic-form game satisfying the property that its set of Nash equilibrium payoffs is A, and its set of correlated equilibrium payoffs is B.
Calculate and graph each player's best-response function as a function of the opposing player's pure strategy.- Find and report the Nash equilibria of the game.
Firm A and Firm B are the only competitors in market. Each has to decide what price to set for its product. Once prices are set, they cannot be changed for year. Both companies set prices at the same time.
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.
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