Game a fair mechanism for allocating

Assignment Help Business Management
Reference no: EM131540086

Roxanne, Sara and Ted all love to eat cookies, but there is only one left in the package. No one wants to split the cookie, so Sara proposes to use the game "Evens or Odds" to determine who gets to eat it. On the count of three, each of them will show one or two fingers, they will add them up, and then divide the sum by 3. If the reminder is 0, Roxanne gets the cookie, if the reminder is 1, Sara gets it, and if it is 2, Ted gets it. Each of them receives a payoff of 1 for winning and eating the cookie, and 0 otherwise.

Provide the game table for this three-player game. Roxanne the Row player, Sara the Column player, and Tedthe Page player. (List the payoff in orders of Roxanne, Sara and Ted.)

Find all the pure-strategy Nash Equilibria in this game. Is this a game a fair mechanism for allocating this cookie? Explain why.

Reference no: EM131540086

Questions Cloud

Which of the given is an objective of a systems survey : Which of the given is an objective of a systems survey? Which of these is not a logical procedure that is followed in systems analysis phase of a systems study?
Create an outline containing the framework : In a one- to two-page paper (excluding title and reference pages), create an outline containing the framework for the topic chosen for your Final Research Paper
Systems implementation and integration : Design documents are absolutely critical to communicate the project's design. In this chapter you learned about the user interface design.
Describe the role of financial accounting : Describe the role of financial accounting in contemporary business. Provide one specific, real-life example of how financial accounting helps external.
Game a fair mechanism for allocating : Find all the pure-strategy Nash Equilibria in this game. Is this a game a fair mechanism for allocating this cookie? Explain why.
A firm net cash flow is calculated : A firm's net cash flow is calculated
Will shareholders be willing to accept this project : Will shareholders be willing to accept this project? Why or why not?
What is net present value using these alternative estimates : Calculate the net present value of the project. What is the net present value using these alternative estimates?
Find the market value of lawrence shares when : Find the market value of Lawrence's shares when:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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