Find each players dominant strategy

Assignment Help Macroeconomics

Reference no: EM1369399

In a two play, one shot simultaneous-move game each player can choose strategy A, each earns a payoff of $500. If both players choose strategy A, each ears a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player 1 chooses strategy A and player 2 chooses strategy b, then player 1 earns $0 and player 2 earns $650. If player 1 chooses stretegy B and player 2 chooses strategy a, then player 1 earns $650 and player 2 earns $0.

A. write the above game in normal form.
B. Find each players dominant strategy, if it exists.
C.Find the Nash equilibrium of this game
D.rank strategy pairs by aggregate payoff (highest to lowest)
e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?

Reference no: EM1369399

Questions Cloud

Design remote access plan which meets requirements : Design a remote access plan which meets requirements described so far. Your submission should include following. Details of your proposed remote access solution, including any hardware and/or software that would be needed.

What is regression predicted earnings : What is regression's predicted earnings for a 25 year old worker. A 45 year old worker.

Where on the x-axis is electric field equal to zero : A flower pot on a balcony railing falls to the ground 8.63m below. A cat directly beneath the pot sees it begin to fall. How long does cat have to move.

Describe an experiment that would quantify : Describe an experiment that would quantify these two effects. Randomly select n students who have taken test only one time.

Find each players dominant strategy : In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,

Estimate how far and for how long the skydiver falls : Let us take half the terminal speed as a reasonable "upper bound" beyond which we should not use our constant acceleration free-fall relationships.

Can fund accept such a scenario : Moldovan authorities declared not only once that y want to sign an agreement with IMF that would not envisage Moldovas financing. Can fund accept such a scenario.

Explain two members of your project development team : Explain Two members of your project development team are disagreeing about the relative importance of training and documentation

Calculating the equilibrium price and quantity : Assume that demand for oranges is given by the following Equations, with quantity measured in oranges a day and price measured in dollars per orange.

User Account

All Pages