Find the pure-strategy nash equilibria of this game

Assignment Help Management Theories
Reference no: EM131247058

Consider a game in which player 1 first selects between I and O. If player 1 selects O, then the game ends with the payoff vector (x, 1) (x for player 1), where x is some positive number. If player 1 selects I, then this selection is revealed to player 2 and then the players play the battle-of-the-sexes game in which they simultaneously and independently choose between A and B. If they coordinate on A, then the payoff vector is (3, 1). If they coordinate on B, then the payoff vector is (1, 3). If they fail to coordinate, then the payoff vector is (0, 0).

(a) Represent this game in the extensive and normal forms.

(b) Find the pure-strategy Nash equilibria of this game.

(c) Calculate the mixed-strategy Nash equilibria and note how they depend on x.

(d) Represent the proper subgame in the normal form and find its equilibria.

Reference no: EM131247058

Questions Cloud

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.
Determining the concept of rdbms : Based on the concept of RDBMS (i.e. Relational Database Management System). 1. Add and maintain records of available products. 2. Add and maintain customer details. 3. Add and maintain description of new products.
How did the artisitic team convert actors inot animals : Watch the below clip and explain how the story of the Lion King was converted into a stage production. How did the artisitic team convert actors inot animals from the African savannah? Did you find this approach successful? Explain why or why not.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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