What is pure strategy nash equilibrium for the game

Reference no: EM13222263

Hotelling'sModel (RG): Consider a population uniformly distributed along an ideological spectrum [0, 1]. Each of two candidates chooses (simultaneously) a platform represented by an ideology value x ? [0, 1]. The voters observe the platforms and choose to vote for the candidate whose platform is closest to their ideological beliefs. Suppose each candidate cares only about winning the election. What is (if any ) pure strategy Nash equilibrium for this game? [Optional] What happens if there are three (or more) candidates?

Reference no: EM13222263

Questions Cloud

How a wage decrease to per hour could make alfred choose : Suppose Alfred and Bart are originally paid $10 per hour at In N Out, and they originally choose to each work 8 hours per day. Explain how a wage decrease to $9 per hour could make Alfred choose to increase work hours per day, but could make Bart ..

Effective leader and enhance organizational behavior : How are they similar? How are they different? How might being able to switch between the metaphors help you be a more effective leader and enhance organizational behavior?

What type of steel should be used to construct the bridge : What type of steel should be used to construct the bridge?

Should managers attempt to motivate employees : Should managers attempt to motivate employees with different ethnic backgrounds all in the same manner? Why or why not?

What is pure strategy nash equilibrium for the game : Hotelling'sModel (RG): Consider a population uniformly distributed along an ideological spectrum [0, 1]. Each of two candidates chooses (simultaneously) a platform represented by an ideology value x ? [0, 1]. The voters observe the platforms.

Analyze key elements of buying commercial airline services : Analyze the key elements of buying commercial airline services.

In what ways does achievement of csr goals : In what ways does achievement of CSR goals and objectives strategically differentiate an organization?

Are the actions by the company legal : Pastico Corporation hears through the "grapevine" that its employees are unhappy with the working conditions and wages being paid in the manufacturing plant are looking to bring in a union.

Determine the osmotic pressure associated of an enzyme : calculate the osmotic pressure associated with 50.0 g of an enzyme of molecular weight 98,000 g/mole dissolved in 2600 mL

User Account

All Pages