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Max minimizers in BoS:-
For the game BoS in given Figure, find the max minimizer of each player. Show for each equilibrium, the strategy of neither player guarantees her equilibrium payoff.
Suppose that Player 2 announced that she would use a mixture in which her probability of choosing Rock would be 40%. Find the mixed-strategy equilibrium of this Rock-Scissors-Paper game.
What is the subgame perfect pricing policy for Tony - Please make sure you write down the strategies for all players and show why it is subgame perfect
Compute the probability that exactly five students are left-handed.
Draw the extensive form of this game. - What are the Bayesian Nash equilibria of this game? - What are the perfect Bayesian equilibria?
A finite lot of 40 digital watches includes 30% nonconforming units. Using the hypergeometric distribution, what is the probability that a sample of 6 will contain 3 nonconforming watches? Show your work.
Draw the extensive-form game tree of this game and write down the corresponding matrix. - For δ = 1 find a pooling perfect Bayesian equilibrium of the game in which both types of player 1 choose pL in period t = 1.
A certain tennis player makes a successful first serve 75% of the time. Assume that each serve is independent of the others. If she serves 5 times, what's the probability she gets:
Suppose that in some two-player game, s1 is a rationalizable strategy for player 1. If, in addition, you know that s1 is a best response to s2 , can you conclude that s2 is a rationalizable strategy for player 2? Explain.
In the following game, Describe the set of actions that survive the iterated elimination of strictly dominated actions. Describe the set of actions that survive the iterated elimination of weakly dominated actions
Is it possible for him to be indifferent between the sure payment and the lottery? What is the general lesson to learn from this exercise - Is this preference relation rational in the sense defined by the preference theory?
Which firm produces more in equilibrium? How do the quantities produced in equilibrium change if Firm 1 improves its technology, leading to a slightly lower
The following payoff matrix represents long run payoffs for 2-duopolists faced with the option of purchasing or leasing buildings to use for production.
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