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Horse trading game with large seller:-
Consider the variant of the horse trading game in which there is a single owner who has two horses. Assume that the owner's payoff is σ1 + r if she keeps one of her horses and 2σ1 + r if she keeps both of them, where r is the amount of money she receives. Assume that there are at least two non owners, both of whose values of a horse exceed σ1. Find the core of this game. (Do all trades take place at the same price, as they do in a competitive equilibrium?)
If the game was played twice, would playing in the first period be a subgame perfect equilibrium first-period outcome? Explain why or why not.
Manuel is a high school basketball player. He is a 70% free throw shooter. That means his probability of making a free throw is 0.70. What is the probability that Manuel makes his first free throw on his fifth shot?
If an applicant to a university has taken test A and scored 910 and another student has taken test B and scored 33, compare these students score using Z-values. Which one has a higher relative score?
If each group had 15 officers, how would you characterize the performance of the typical officer in each squad?
Calculate and graph each player's best-response function as a function of the opposing player's pure strategy.- Find and report the Nash equilibria of the game.
What is the dominant strategy and describe the Nash equilibrium or Nash equilibria, Why did they do this? Do you think that Sun Resorts cares about how many airlines will serve the island? Explain.
What is the outcome of the game? - What is the superintendent's offer and what is the president's response?- Comment on how the union's final salary depends on y.
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
A famous hypnotist performs to a crowd of 350 students and 180 non-students. The hypnotist knows from previous experience that one half of the students and two third on the non-students are hypnotizable. What is the probability that a randomly cho..
A survey of 356 local drivers reveals that 18.7% of them car pool. Is there evidence that the actual proportion of local commuters car-pooling is less than national level. Also find and interpret the p-value of this test.
Does one of the players have a strategy that guarantees him a win? If so, which player has a winning strategy?
Draw a game tree for a game in which First has two possible actions (Up or Down) at each node and Second has three possible actions (Top, Middle, or Bottom) at each node.
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