Find all possible nash equilibria

Assignment Help Business Economics
Reference no: EM13998916

Two folks found $100 on the street and have to decide how to split it. A game theorist came by and proposed the following resolution. Each player simultaneously declares the amount she wants to keep. If the demands sum up to less than or equal to $100, each gets what she claimed; if the demands sum up to more than $100, both get nothing. Find all possible Nash equilibria. Carefully explain your reasoning.

Reference no: EM13998916

Questions Cloud

What characters do you think were best portrayed : What character/s do you think were best portrayed? Is this movie realistic? Do you think this really happens in schools? What life events make it more real to you? What was the most important thing that Erin learned about her students? What is the mo..
Calculate the daily profit for aaron and barry : Aaron and Barry, living close to the entrance to the Yosemite National Park, sell the same kind of drinking water to tourists. Every day in the morning, Aaron carries some water to the park. Barry, observing how much water Aaron brings to the park, d..
Brief discussion of literature search terms and key : Review the available literature which will be presented along with reflections. Brief discussion of literature search terms and key literature used, Thematic review of the literature and Implications for social work/social work practice
What amount of impairment loss : What amount of impairment loss, if any, should Web Helper recognize?
Find all possible nash equilibria : Two folks found $100 on the street and have to decide how to split it. A game theorist came by and proposed the following resolution. Each player simultaneously declares the amount she wants to keep. If the demands sum up to less than or equal to $10..
The market for beer is perfectly competitive : The market for beer is perfectly competitive. The price of a barrel of beer is $40. Fine beers is a company that produces the beer and has a total cost funtion of TC = 480 + Q2. It also has a marginal cost given by MC = 2Q, where Q is barrels of beer..
What is the spot size for blu-ray players : What is the spot use for CD players? What is the spot size for Blu-Ray players? Calculate the ratio of the focal spot area for the Blu-Ray disc player compared to CDs (ie., Ratio= A Blu-Ray, ACD).
Sequential-move game-find the rollback equilibrium for game : Two players, A and B, take part in a sequential-move game. A moves first, B moves second, and each player moves only once. A has two possible actions: Left or Right. No matter what A chooses, B has three possible actions: Top, Middle, or Bottom. The ..
On a graph with time on the horizontal axis : On a graph with time on the horizontal axis and yt on the vertical axis, draw the evolution of output per worker over time. Does output per worker grow in the long run? Explain why or why not.

Reviews

Write a Review

Business Economics Questions & Answers

  The interest rate for us and european savings equals

Assume a US saver with $1,000 to place in a domestic or European bank CD. The interest rate for US and European savings equals 4%. If the saver keeps her money in the US, her return equals ____. If the saver moves her money to Europe with a forward t..

  Determine a linear and power demand curve

Your company charges $60 for a board game it invented and has sold 3,000 copies during the last year. Elasticity for board games is known to equal 3. Use this information to determine a linear and power demand curve.

  Passed certificate of need laws

Vermont is one of many states that passed Certificate of Need (CON) laws in the 1970s. Many interest groups are in favor of repealing all CON regulations. Assuming perfect markets, describe in one page or less, using graphs where appropriate, the eff..

  About cost shifting versus price discrimination

Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. What is the profit-maximizing dispensing fee for Medicare and PPO patients? Why might the..

  Government ensure basic comprehensive medical care

A narrative essay on "Should government ensure basic comprehensive medical care for all citizens as a basic human right and pay for this through general tax revenues? Why or why not? What do you think would happen to your taxes? What would happen to ..

  The money wage rises

If the money wage rises, all else equal, economists would expect

  Assume an economy produces only pizza also jeans

Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.

  Insurance increases and the price of steel decreases

What will happen to the equilibrium price and quantity of new cars if, simultaneously, the price of automobile insurance (a complement) increases and the price of steel decreases

  Using the concept of net present value also opportunity cost

Using the concept of net present value also opportunity cost, explain when it is rational for an individual to pursue

  Game theory help improve the outcomes for the decision maker

Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..

  What is the additional utility she would get from

She tells her friend that the additional utility she would get from the second pair of sneakers is the same as the additional utility she would get from the fifth sweater.

  Compare the development of two imperial powers

Compare the development of two imperial powers. What factors inspired these nations to develop empires? How did the powers first gain control over their imperial territories? How did they administer their territories? What role did the local populati..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd