Reference no: EM131335610
There are two ice cream vendors, Ben and Jerry, on a crowded strip of beach. There are five permissible locations for ice cream vendors to locate, cleverly named positions 1, 2, 3, 4, and 5. Position 1 is at the far north end of the beach, Position 5 at the far south end, and Position 3 in the middle, while Positions 2 and 4 are midway between their respective neighbors. Each location may accommodate more than one vendor. There are 1,000 beachgoers scattered uniformly across the beach (200 at each position) who will buy from the closest vendor.
a. Fill in the payoff matrix on the next page, with payouts reflecting the number of customers each vendor receives. (Example: If Ben is at Position 1 and Jerry is at Position 4, Ben will get 400 beachgoers at locations 1 and 2, and Jerry will get 600 of the beachgoers at Positions 3, 4, and 5.)
b. Find the Nash equilibrium or equilibria in this game. Where are Ben and Jerry likely to end up locating?
|
Find the equilibrium outcome to this game
: Determine the relevant payouts for all of the possible outcomes, and draw the extensive form of the game Jen and the lawyer are playing.
|
|
Semi-annually compounded interest rate
: What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places.
|
|
Essay - people choose to help others
: People feel responsible because of their religion/cuture - People need to cooperate to have a good society and survive
|
|
Conduct a non-intrusive breaching experiment
: Conduct a non-intrusive "breaching experiment", wherein you attempt to validate the existence of a particular norm. This may include singing on the bus, singing in an elevator, not talking to anyone for a day, or any other informally deviant activ..
|
|
Find the nash equilibrium or equilibria in this game
: Fill in the payoff matrix on the next page, with payouts reflecting the number of customers each vendor receives. (Example: If Ben is at Position 1 and Jerry is at Position 4, Ben will get 400 beachgoers at locations 1 and 2, and Jerry will get 60..
|
|
Male with a waist measurement
: Calculate the waist hip ratio of a male with a waist measurement of 40 inches in a hip measurement of 2 inches less. After reading the problem what are you being asked to do.
|
|
Is identity development ever complete
: Among the different perspectives on development is Erik Erikson's theory, which we will refer to throughout the course. This theory examines development during every stage of the human lifespan and focuses on a central issue or conflict that shoul..
|
|
Future and present value of an annuity
: What are the future and present value of an annuity of $100 payable atthe beginning of each quarter for 15 years if the interest rate is 12% compounded quarterly?
|
|
Provide a brief description of the program
: Provide a brief description of the program and how it contributes to healthy living on both physical and mental health levels. Discuss how this program contributes to the health of the overall community
|