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Prove that in a two-player zero-sum game, every correlated equilibrium payoff to Player I is the value of the game in mixed strategies.
Suppose that a pair of 14-sided dice are rolled (the sides are numbered 1-14 and yes, these do actually exist).
Calculate the reliability over a 37 hour period and what is the steady state availability of the system.
First, player 1 selects a real number x, which must be greater than or equal to zero. Player 2 observes x.- Then, simultaneously and independently, player 1 selects a number y1 and player 2 selects a number y2, at which point the game ends.
Find the Nash equilibrium (equilibria?) of this game. Explain why the logic behind the equilibrium is called adverse selection.
Discuss a real-world example of a contractual situation with limited verifiability. - How do the parties deal with this contractual imperfection?
Read the following article "Retail Frenzy: Prices on the Web Change Hourly" By STEPHANIE CLIFFORD and make 2 differant comments briefly on the similarity with Prisoners Dilemma type games that in the attachment Chapter 15.
What are the rationalizable strategies for the players? - Is there a symmetric Nash equilibrium, in which all of the players play the same strategy?
Which is better for the IS manager to employ and why?
Model this situation as a Bayesian game and show that in any Nash equilibrium the highest prize that either individual is willing to exchange is the smallest possible prize.
William and Henry are participants in a televised game show, seated in separate booths with no possibility of communicating with each other.- Describe this situation as strategic-form game. What is the resulting game?
Suppose weights of the checked baggage of airline passengers follow a nearly normal distribution with mean 46 pounds and standard deviation 3.5 pounds. Most airlines charge a fee for baggage that weigh in excess of 50 pounds. Determine what percen..
Player I knows which matrix was chosen, but Player II does not know which matrix was chosen. What effect does adding information to Player I have on the payoffs to the players at equilibrium?
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