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(Extension of the Stag hunt) Extend the n-hunter Stag Hunt by giving each hunter K (a positive integer) units of effort, which she can allocate between pursuing the stag and catching hares. Denote the effort hunter i devotes to pursuing the stag by ei, a nonnegative integer equal to at most K. The chance that the stag is caught depends on the smallest of all the hunters' efforts, denoted minj ej . ("A chain is as strong as its weakest link.") Hunter i's payoff to the action profile (e1,... , en) is 2 minj ej - ei. (She is better off the more likely the stag is caught, and worse off the more effort she devotes to pursuing the stag, which means she catches fewer hares.) Is the action profile (e,..., e), in which every hunter devotes the same effort to pursuing the stag, a Nash equilibrium for any value of e? What is a player's payoff to this profile? What is her payoff if she deviates to a lower or higher effort level? Is any action profile in which not all the players' effort levels are the same a Nash equilibrium? (Consider a player whose effort exceeds the minimum effort level of all players. What happens to her payoff if she reduces her effort level to the minimum?)
The quarterly returns for a group of 69 mutual funds with a mean of 2.3% and a standard deviation of 5.9% can be modeled by a normal model. Based on the model N(0.023, 0.059), what are the cut off values for the:
Suppose the maximum risk value for a particular client is 0.4. What is the optimal allocation of investment funds among stocks, bonds, mutual funds and cash? What is the annual rate of return and the total risk for the optimal portfolio?
Formulate problem as a two-person, zero-sum game and use the concept of dominated strategies to determine the best strategy for each side.
Barbara and Juanita, Two basketball players, are best offensive players of the school's team. They know if they work together offensively-feeding the ball to each other,
question 1. consider a competitive labor market with a continuum of workers. each worker is characterized by his
Explain from firm A's perspective the expected decision that firm B will make and does situation have a Nash Equilibrium?
Suppose we want to design a new placebo-controlled trial to evaluate an experimental medication to increase lung capacity.
A famous hypnotist performs to a crowd of 350 students and 180 non-students. The hypnotist knows from previous experience that one half of the students and two third on the non-students are hypnotizable. What is the probability that a randomly cho..
1. if the four-firm concentration ratio of an industry is 75 what does it mean?2. industry a is composed of five large
Three students, Jim, Joan, and Jethroe are registered for the same class and attend independently to each other, Jim 95.7% of the time, Joan 92.3% of the time, and Jethroe 82.8% of the time. What is the probability that on any given day:
After researching cysts of a particular type, a doctor learns that out of 10,000 such cysts examined, 1,500 are malignant and 8,500 are benign. A diagnostic test is available which is accurate 80% of the time (whether the cyst is malignant or not)..
What are the solutions to this game and how much is it worth to you to get your casino building permit first
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