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(Voting between three candidates) Suppose there are three candidates, A, B, and C. A tie for first place is possible in this case; assume that a citizen who prefers a win by x to a win by y ranks a tie between x and y between an outright win for x and an outright win for y. Show that a citizen's only weakly dominated action is a vote for her least preferred candidate. Find a Nash equilibrium in which some citizen does not vote for her favorite candidate, but the action she takes is not weakly dominated.
What is the dominant strategy and describe the Nash equilibrium or Nash equilibria, Why did they do this? Do you think that Sun Resorts cares about how many airlines will serve the island? Explain.
A scooter factory runs three assembly lines, A, B, and C. 98.9% of line A's scooters pass inspection, while only 97.8% of line B's scooters and 98.5% of line C's scooters pass inspection.
Planning Parenthood, a national organization that assists teenage mothers with pregnancy, estimates that approximately 37% of the women coming into the center had contracted a sexually transmitted infection. They wish to plan a study to obtain a m..
We find that the carapace length of that adult male G. mollicoma is normally distributed with mean 18.14mm and standard deviation 1.76mm. Determine and interpret the quartiles for carapace length of the adult male G. mollicoma.
The time between surface nish problems in a galvanizing process is exponentially distributed with a mean of 40 hours. A single plant operates three galvanizing lines that are assumed to operate independently.
Suppose that you do a test for H0: μ = 6 against HA: μ &neq; 6 you obtain a sample mean of 6.5 and the test gives you a a p-value of 6%. We want to connect the p-value to the confidence interval for the mean.
Draw a game tree for a game in which First has two possible actions (Up or Down) at each node and Second has three possible actions (Top, Middle, or Bottom) at each node.
a consider the same game as in question above but suppose t is not known.instead we know that the game continues with
Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.
Explain how payoff matrices used in Game Theory illustrate mutual interdependence among firms in oligopolies. How can they be used to predict likely outcomes?
What is the appropriate definition of a Nash equilibrium for this location game? Find the Nash equilibrium locations of the two drinking establishments.
A firm incurs production costs C(q) = F + mq, and transportation costs T(q) = aq + ????2, where q is the output of each of its plants. What is the optimal plant size, and how does it vary with the parameters F, m, a and b?
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