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(Darwin's theory of the sex ratio) A population of males and females mate pairwise to produce offspring. Suppose that each offspring is male with probability p and female with probability 1 - p. Then there is a steady state in which the fraction p of the population is male and the fraction 1 - p is female. If p ∗= 1 then males and females have different numbers of offspring (on average). Is such an equilibrium evolutionarily stable? Denote the number of children born to each female by n, so that the number of children born to each male is (p/(1 - p))n. Suppose a mutation occurs that produces boys and girls each with probability 1 .
Assume for simplicity that the mutant trait is dominant: if one partner in a couple has it, then all the offspring of the couple have it. Assume also that the number of children produced by a female with the trait is n, the same as for "normal" members of the population. Since both normal and mutant females produce the same number of children, it might seem that the ?tness of a mutant is the same as that of a normal organism. But compare the number of grand children of mutants and normal organisms. How many female offspring does a normal organism produce? How many male offspring? Use your answers to ?nd the number of grandchildren born to each mutant and to each normal organism. Does the mutant invade the population? Which value (values?) of p is evolutionarily stable?
Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
Pertaining to the matrix need simple and short answers, Find (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.
Consider the two-period repeated game in which this stage game is played twice and the repeated-game payos are simply the sum of the payos in each of the two periods.
Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.
The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.
Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.
Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.
Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:
Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.
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