Find the equilibrium strategy profile and explain

Assignment Help Management Theories

Reference no: EM131247060

Consider the ultimatum-offer bargaining game described in this chapter and recall the cutoff-rule strategy for player 2.

(a) Suppose that player 1 selects the strategy p = 50 and player 2 selects the cutoff-rule strategy with p - = 50. Verify that these strategies form a Nash equilibrium of the game. Do this by describing the payoffs players would get from deviating.

(b) Show that for any p ∈ [0, 100], there is a Nash equilibrium of the game in which an agreement is reached at this price.

Describe the equilibrium strategy profile and explain.

Reference no: EM131247060

Questions Cloud

Starbucks social media campaign : Conduct research on a company that heavily uses electronic media and e-mail. You may need to visit the company's website policy page or other sources, in addition to the library article, in order to provide a complete response to the points listed..

What lines from song of myself describe in your view : What lines from "Song of Myself" describe, in your view, something important or unique about American identity? Copy and paste the lines here and then discuss your reason for selecting them in a paragraph.

Strategic analysis of the coca-cola company : Visit the official website of the Coca-Cola Company and identify the company's vision, mission, values, and goals - Critically evaluate the mission, vision, values, and goals - Determine which (if any) of the elements consider the goals and needs of ..

Articulate a face-to-face conversation : Read the article titled, "Is social media ruining our kids' social skills?" Provide your opinion on the effect that texting and social media (i.e., Twitter, Snap Chat, Facebook, etc.) are having on individuals' abilities to articulate a face-to-fa..

Find the equilibrium strategy profile and explain : Suppose that player 1 selects the strategy p = 50 and player 2 selects the cutoff-rule strategy with p - = 50. Verify that these strategies form a Nash equilibrium of the game. Do this by describing the payoffs players would get from deviating.

Design a gps product : Imagine that you have been asked to design a GPS product that will have voice recognition and Bluetooth capability. Discuss and conceptualize a user interaction model. Predict two (2) problems that may arise in GPS products with voice recognition ..

Find the pure-strategy nash equilibria of this game : Calculate the mixed-strategy Nash equilibria and note how they depend on x.

Career portfolio development : At this point, you are going to prepare for potential interviews. For this assignment, research common interview questions for IT career opportunities, and post your opinion on the following question.

Describe the strategy spaces of the players : After these decisions, the game ends and each player receives the payoff where x1 is the positive number chosen by player 1 and x2 is the positive number chosen by player 2.

User Account

All Pages