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Three roommates need to vote on whether they will adopt a new rule and clean their apartment once a week or stick to the current once-a-month rule. Each votes "yes" for the new rule or "no" for the current rule. Players 1 and 2 prefer the new rule while player 3 prefers the old rule.
a. Imagine that the players require a unanimous vote to adopt the new rule. Player 1 votes first, then player 2, and then player 3, the latter two observing the previous votes. Draw this as an extensive-form game and find the Nash equilibria.
b. Imagine now that the players require a majority vote to adopt the new rule (at least two "yes" votes). Again player 1 votes first, then player 2, and then player 3, the latter two observing the previous votes. Draw this as an extensive-form game and find the Nash equilibria.
c. Now imagine that the game is as in part (b), but the players put their votes into a hat-so that the votes of earlier movers are not observed by the later movers-and the votes are counted after all have voted. Draw this as an extensive-form game and find the Nash equilibria. In what way is this result different from the result in (b)?
The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.
Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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