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You are a manager at the IRS and you have to set the strategy for auditing taxpayers' tax returns. Due to the volume of tax returns filed each year, you cannot audit all records. Therefore you select a sample and only audit the sampled tax returns. For tax-auditing purposes, what type of sample would you select and why?
In the game of roulette, a player can place a $8 bet on the number 33 and have a 1/38 probability of winning. If the metal ball lands on 33, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280.
Adapted from the battle game "Bowser's Bigger Blast" from Nintendo's "Mario Party 4"- Is this a fair game?- Or, is one player more likely to lose than the others?
Find all the equilibria obtained by backward induction.- Describe the corresponding strategic-form game.- Check whether there exist additional equilibria.
Suppose this reliability cannot be met, and the actual median is 20,000. So the company instead implements a preventive maintenance policy with a maintenance cycle of 4,000 hours. What is the new reliability at 10,000 hours?
Compute the Nash equilibria and subgame perfect equilibria for the following games. - Do so by writing the normal-form matrices for each game and its subgames.
assume two classmates a and b are assigned an extra group project. each student can choose to shirk or work. if one or
The 12 permutations of this list of conditions, along with the requirement that the imputation be in X({N}; v), determine the bargaining set relative to this coalitional structure.
Find an example of a repeated game, and a strategy vector τ , such that (a) τ is an equilibrium of the discounted game for every λ ∈ [0, 1), and (b) the limit limλ→1 γ λ(τ ) does not exist.
A dentist sees about fifteen new patients per month (the rest of her patients are repeats). She knows that on average, over the past year, about half of her patients have needed at least one filling on their first visit.
Examine set theory and functions applicable to software engineering and Investigate solutions to problem situations using the application of Boolean algebra.
If the first player chooses L and the second player chooses R, what is the second player's posterior belief P(L) at the time of his choice
What are the rationalizable strategies for the players? - Is there a symmetric Nash equilibrium, in which all of the players play the same strategy?
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