Find the subgame perfect nash equilibrium using induction

Assignment Help Microeconomics
Reference no: EM13239738

There are 6 tokens on the table. Two players alternate removing some of the tokens. In each move any player can either remove exactly one
or exactly two tokens. Whoever removes the last token is the winner (tokens are worthless per se - it does not matter who removed how many of them).
a) Represent this game as a game tree
b) Which player is going to win? Find the subgame perfect Nash equilibrium using backward induction. Precisely describe full strategies.

Reference no: EM13239738

Questions Cloud

Determine what is the pure competition equilibrium : There are two firms in an industry, each owning one plant. Firm 1 has supply function P = 10 + 0.01Q1 (which is the marginal cost of its plant), and Firm 2 has supply function 0.005Q2 + 0.00001Q22
What is the accounting cost function for the business : Additional projected costs are $1,000 for insurance and $3.20 per unit for materials and supplies. Their fruit smoothies would be priced at $5 per unit. A.) What is the accounting cost function for this business
Find the statues weight density : A small statue is recovered in an archaeological dig. Its weight is measured to be 2.1 lb and its volume 0.06 ft3, What is the statue's weight density
Explain what was the molar absorptivity of the dye : A solution of a dye in a 0.80 cm cuvette of concentration 1.25 x 10^-3 M had an absorbance of 0.115 at a particular wavelength. What was the molar absorptivity of the dye
Find the subgame perfect nash equilibrium using induction : There are 6 tokens on the table. Two players alternate removing some of the tokens. In each move any player can either remove exactly one or exactly two tokens. Whoever removes the last token is the winner
Calculate the oscillators maximum speed : A 420g oscillator has a speed of 128.5cm/s when its displacement is 3.30cm and 59.5cm/s when its displacement is 5.40cm .what is the oscillator's maximum speed
State the lewis dot structure of hxesh the formal charges : what is the lewis dot structure of HXeSH the formal charges on each atom should be = to 0
How much cloth and food will the economy produce : Write down the unit cost of producing one yard of cloth and one calorie of food as a function of the price of one machine-hour, r, and one work-hour, w. In a compet- itive market, those costs will be equal to the prices of cloth and food.
Determine the total outward force on the window : A viewing window on the side of a large tank at a public aquarium measures 32 in. by 37 in. The average gauge pressure from the water is 6 psi

Reviews

Write a Review

Microeconomics Questions & Answers

  How might things change if the border were open

Studies of the effects of immigration into the United States from Mexico tend to find that the big winners are the immigrants themselves. How might things change if the border were open, with no restrictions on immigration.

  Why hyperinflation has such a devastating impact n economies

Explain why hyperinflation has such a devastating impact n economies. Explain what it takes to stop hyperinflation Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unempl..

  Legislative bodies to impose barriers to entry

Some firms will lobby their legislative bodies to impose barriers to entry. Can anyone think of groups or firms that do this?

  Determine the quality of money demanded

Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quality of money demanded, investment spending, aggregate demand, potential output, the price level, and equilibrium..

  Why regression slope coefficient is statistically significan

When looking at regression results, how do you know which of the estimated regression slope coefficients are STATISTICALLY SIGNIFICANT. How do you know if the independent variables explain a large fraction of the variance when looking at regression ..

  Define govt. attempts to prohibit monopolization of a market

general electric which produces light bulbs, jet engines, washing machines, and so on, kinko's which has a photocopy store near many colleges and univesities, usx corporation which owns ore and coal mines, coke ovens, blast furnaces, mills, and foun..

  Describe the circular flow model

Which of the following does not describe the circular flow model between the householdand the firm? John works at a coffee shop and makes $10 per hour. He decides to leave work an hour early to go see a movie that costs $8 per ticket. The opportuni..

  What does characteristics of a good brand name include

Emil Flores won't buy any coffee except "Blue Mountain"--a relatively expensive type that few stores sell. He used to have to drive about 10 miles out of his way to buy it at a small shop--but now he has persuaded his local supermarket manager to ..

  Technological change and innovation

For many years, your company has been protected through patents, Technological change and introduction of new products have been slow.

  Cost-plus pricing of wendel stove company

Cost-Plus Pricing. Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,000 per unit and fixed costs will be $10,000,000 per year.

  Determining cross price elasticity of demand

Describe why the results of computing cross-price elasticity can be useful in determining product relationships. In your explanation, contrast the different numerical values of cross-price elasticity and what each value indicates.

  Determine discount rate in the banking system

Third National Bank is fully loaned up with reserves of $20,000 and demand deposits is similar to $100,000. The reserve ratio is 20 percent.

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