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Zakir loans Panji $20.000 for one year at 8% simple interest. Three months later, Zakir sells the note to Ben at a simple discount rate of 7 3/4%. How much does Ben pay for the note?
Prove that in the given game, which is obtained from the game in part (a) by adding a dominated pure strategy to each player, (B,M) is a perfect equilibrium.
What is the probability that Marie will be ranked number one after this year? What is the probability that Marie will win all 4 games this year against Jan?
A firm incurs production costs C(q) = F + mq, and transportation costs T(q) = aq + ????2, where q is the output of each of its plants. What is the optimal plant size, and how does it vary with the parameters F, m, a and b?
Each player in any given match can condition her action on whether she was the ?rst to suggest getting together. Assume that for any given player the probability of being the ?rst is one half. Find the ESSs of this game.
Show that the outcome of every Nash equilibrium of this game is the same as the outcome of the unique subgame perfect equilibrium.
Develop a program that prompts the user to guess the outcome of a die throw. Then throw a die (using a random number generator) and inform the user if they guessed the correct outcome
De?ne a game (either normal-form or extensive-form) that models the situation. You might have to simplify the situation or make up reasonable payo? numbers.
Consider a two-player game and suppose that s* and t* are Nash equilibrium strategy profiles in the game.- Must it be the case that {s1*, t1*} * {s2*, t2*} is a weakly congruous strategy set? Explain why or why not.
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
In the years 2000 and 2001, the bubble burst for many Internet and computer firms. - Describe the equilibrium strategies and briefly explain why this is an equilibrium.
What are the limitations of the game theory approach to understanding competitive strategy
Compute the prenucleolus of the three-player coalitional game with the following coalitional function:-
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