Find the subgame-perfect equilibrium for this game

Assignment Help Management Theories
Reference no: EM131245824

Resident Assistant Selection with a Twist: Two staff managers in the B F sorority, the house manager (player 1) and kitchen manager (player 2), must select a resident assistant from a pool of three candidates: {a, b, c}. Player 1 prefers a to b, and b to
c. Player 2 prefers b to a, and a to
c. The process that is imposed on them is as follows: First, the house manager vetoes one of the candidates and announces the veto to the central office for staff selection and to the kitchen manager. Next the kitchen manager vetoes one of the remaining two candidates and announces it to the central office. Finally the director of the central office assigns the remaining candidate to be a resident assistant at BF.

a. Model this as an extensive-form game (using a game tree) in which a player's most-preferred candidate gives a payoff of 2, the second most-preferred candidate gives a payoff of 1, and the last candidate gives 0.

b. Find the subgame-perfect equilibrium for this game. Is it unique?

c. Are there Nash equilibria that are not subgame-perfect equilibria?

d. Now assume that before the two players play the game, player 2 can send an alienating e-mail to one of the candidates, which would result in that candidate withdrawing her application. Would player 2 choose to do this, and if so, with which candidate?

Reference no: EM131245824

Questions Cloud

How will it affect the way you experience the performances : In this discussion forum, please write a 500 - 800 word post including a short synopsis of each video and the key takeaways from the material. What did you learn? How will it affect the way you experience the performances this quarter?
Describe the process of memory storage in the brain : Describe the process of memory storage in the brain. Describe where the neural prosthesis would be implanted and how it would work to enhance memory, language, and learning.
Prepare a journal that records your activities : Prepare a journal that records your activities and progress related to completing this assignment. In date order, clearly list the following: Date of research activity/discussion and Web sites visited to collect information; other references access..
What is the companys net income : The profit margin is 12 percent. -What is the company's net income? - What is the company's ROA? - What is the company's ROE?
Find the subgame-perfect equilibrium for this game : Now assume that before the two players play the game, player 2 can send an alienating e-mail to one of the candidates, which would result in that candidate withdrawing her application. Would player 2 choose to do this, and if so, with which candid..
Explain the legal ramifications of each of these approaches : Distinguish between interview and interrogation strategies used for elderly suspects versus elderly victims. Explain the legal ramifications of each of these approaches. Compare your techniques and strategies with inappropriate approaches for the e..
What is the companys net income : The profit margin is 12 percent.- What is the company's net income?  - What is the company's ROA? - What is the company's ROE?
What is the magnitude of the radius : Classical Mechanics - Find the analytical solution for the Euler angles as a function of time and Show that the ellipsoid of inertia of a cube of uniform density having an edge of length a, is a sphere for a set of axes whose origin is at the cube'..
Draw the extensive form for the following game : In this case, the attorney general does not observe which firm selected the high price (or if both firms selected the high price).

Reviews

Write a Review

Management Theories Questions & Answers

  A detailed information on yips model with graphs and charts.

A detailed information on yips model with graphs and charts.

  Describe the supply chain management function

Describe the Supply Chain Management function at your organization

  Current organizational narrative

What would you say is your current organizational narrative? Provide an objective bird"s-eye view of the organization, and then compare this narrative with the narrative that is common to messages from the leadership or in articles, annual reports an..

  Identifying the key contengencies facing an organization

Explain the basic idea underlying the contingency view.How would you go about identifying the key contengencies facing an organization?

  Explain a summary of what you learned in building a resume

Conduct a practice interview either on your own using flashcards with prepared questions, with the help of a friend/family member, or with a professional in your field. An assessment of your experience in a practice interview, including what you l..

  Inventory techniques uses cards to monitor inventory

Which of the following inventory techniques uses cards to monitor inventory movement?

  Advanced cardiac failure

Scenario:Ferdinand Hartwig is an 85 y.o man diagnosed with advanced cardiac failure.Ferdinand is a widower with no children. His wife, Jeike, died over thirty years ago during childbirth and he never decided to remarry.

  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.

  What were give ups

What were give-ups?

  A wholly-owned subsidiary in the congo republic

Hyde chemical Industries, A Delaware corporation, has established a wholly-owned subsidiary in the Congo Republic (CR). Under the CR's foreign investment laws, foreign invested companies are eligible to receive one of three designations:

  What project management tools

What project management tools do you feel are most useful and why?

  Compare and contrast marketing techniques

Describe and discuss the facility's Case Management program. Compare and critique the subject facility's Case Management program to that of a model facility and whether the facility adheres to the recognized standard for case management, including di..

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