What are the pure strategies available for our players

Assignment Help Macroeconomics

Reference no: EM132207589

Question: Anne and Bill must choose among three alternatives, x, y and z. strictly prefers x to y and y to z (so she also ranks x higher than z). Bill strictly prefers z to y and y to x (so he also ranks z higher than x). The rules by which they decide are the following. Anne moves first and vetoes one alternative (she must express a veto). Bill observes Anne's veto and proceeds to veto one alternative among the remaining two (he must also express a veto).

(a) Model this situation as a dynamic game and write down the game tree. Assign payoffs to Anne and Bill that represent their preferences.

(b) What are the pure strategies available for our players?

(d) Find all the pure strategy NE of this game.

Reference no: EM132207589

Questions Cloud

Why are small value purchase orders problematic : Why are small value purchase orders problematic? How can purchasing more effectively deal with this problem?

What is the per-worker production function : What is the per-worker production function? Assuming no population growth or techno- logical progress, find the steady-state capital stock per worker.

What impact will this have on supply chain management : What change in auto-making industry is increasing demands for aluminum? What is purpose for this change? What impact will this have on supply chain management?

Define a class student which will have two more properties : Define a class "Human" which will have the follwing properties: (7) age (int) gender.

What are the pure strategies available for our players : Anne and Bill must choose among three alternatives, x, y and z. strictly prefers x to y and y to z (so she also ranks x higher than z).

Write a program has five threads reading one array in c : How to write a program has 5 threads reading one array in C, and sum all elements of this array.

Describes the key features of blackmores : Describes the key features of Blackmores (i.e. size, products, history, locations of operation) and provides an overview of the environmental and social impacts

Marketer to change your negative attitude about product : Use this piece to demonstrate what it would take for the marketer to change your negative attitude about the product.

What sort of opportunities do you have : What sort of opportunities do you have, or can you find or create in future, to practice what you are learning in class?

User Account

All Pages