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.

(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.

User Account

All Pages