Reference no: EM132402532
ECN 416 - Game Theory & Economic Behavior, Arizona State University
Problem Set
1. Consider a sequential version of the Cournot quantity setting game. More precisely, assume that firm 1 picks its quantity q1 first, then firm 2 observes firm 1's quantity decision, and then picks its own quantity q2. Suppose the market demand is given by P = a - Q, where Q = q1 + q2, and a is a positive number. Each firm has a constant marginal cost, given by c, and has no fixed cost. (This game is called Stackelberg competition in the literature.) Find the equilibrium quantities by backward induction.
2. There are two plates of ice cream. The small plate contains 2 spoons of ice cream and the big plate contains 6 spoons of ice cream. Two friends, Bonnie and Clyde, have to decide who will get which plate. They both love ice cream and a player's payoff is the number of spoons he/she eats.
They play the following game: First, Bonnie offers Clyde one of the plates, keeping the other plate for herself. If Clyde accepts, each takes his/her agreed plate and eats the ice cream in it, and the game ends. If Clyde rejects, half of the ice cream in each plate suddenly melts (it's a hot day!). Then, Clyde offers Bonnie one of the plates, keeping the other plate for himself. If Bonnie accepts, each takes his/her agreed plate and eats the ice cream in it, and the game ends. If Bonnie rejects, the rest of the ice cream melts and they are left with no ice cream, and the game ends.
(a) Draw the extensive form game.
(b) Write the pure strategy sets for both players.
(c) Find the pure strategy equilibrium by backward induction.
|
Identify conflict-crisis and resolution in erasing amyloo
: In your initial discussion post, identify the conflict, crisis, and resolution in Erasing Amyloo and This Moment from the required reading.
|
|
How your institution has responded to the legislation
: For this question, identify one policy or procedure your institution(any college in southwest GA area) has implemented in response to the latest ratification.
|
|
Designing culture of collaboration at lake nona medical city
: Analyze the impact of that decision within the strategic context of the organization. Designing a Culture of Collaboration at Lake Nona Medical City.
|
|
Discuss the new movement to the common core standards
: From the e-Activity, discuss the new movement to the Common Core Standards, Race-to-the Top, or state department issued curriculum standards.
|
|
ECN 416 Game Theory and Economic Behavior-Assignment Problem
: ECN 416 - Game Theory & Economic Behavior Assignment Help and Solutions, Arizona State University, US-Draw the extensive form game. Write the pure strategy.
|
|
Create a list of web tools for using in classroom
: Create a list of 10 Web 2.0 tools that you would consider using in your college classroom. Cite where the tool came from and give a 50-100-word description.
|
|
Develop powerpoint presentation
: Develop a PowerPoint presentation. The content should focus on some aspect of social media use in the workplace.
|
|
Discuss about what you find most interesting
: Discuss what you have learned from the information below. Talk about what you find most interesting? What do you find most disturbing, if anything?
|
|
Define the purpose and users of your evaluation results
: Continue using the MAPP Model to develop your Public Health Program for your Final Project. Write up a brief summary of your Evaluation Plan and then build.
|