Reference no: EM13906880
(Voter participation) Two candidates, A and B, compete in an elec- tion. Of the n citizens, k support candidate A and m (= n - k) support candidate B.
Each citizen decides whether to vote, at a cost, for the candidate she supports, or to abstain. A citizen who abstains receives the payoff of 2 if the candidate she supports wins, 1 if this candidate ties for first place, and 0 if this candidate loses.
A citizen who votes receives the payoffs 2 - c, 1 - c, and -c in these three cases, where 0 c 1.
a. For k = m = 1, is the game the same (except for the names of the actions) as any considered so far in this chapter?
b. For k = m, find the set of Nash equilibria. (Is the action profile in which everyone votes a Nash equilibrium? Is there any Nash equilibrium in which the candidates tie and not everyone votes? Is there any Nash equilibrium in which one of the candidates wins by one vote? Is there any Nash equilibrium in which one of the candidates wins by two or more votes?)
c. What is the set of Nash equilibria for k m?
If, when sitting in a traffic jam, you have ever thought about the time you might save if another road were built, the next exercise may lead you to think again.
|
Identify associated stereotypes and discriminatory behaviors
: Brief explanation of one current (20th or 21st century) example of prejudice and identify associated stereotypes and discriminatory behaviors
|
|
How is technology such as iphone impacting business world
: How is technology such as the iPhone impacting the business world and changing consumer decisions when purchasing goods and services?
|
|
Controller of optus communications
: Maureen Shelley is controller of Optus Communications. Optus manufactures cell phones. She has prepared a list of typical costs incurred by the business. Review the list and determine whether each cost is a product cost or period cost. For product co..
|
|
Record journal entries-no entry is required state no entry
: Blue Corporation, a U.S. manufacturer, sold goods to their customer in Hungary on December 12, 2014 for 6,000,000 Hungarian forints. The customer agreed to pay in Hungarian forints in 30 days. Record the journal entries that Blue would need related t..
|
|
What is the set of nash equilibria for k m
: What is the set of Nash equilibria for k m? For k = m = 1, is the game the same (except for the names of the actions) as any considered so far in this chapter?
|
|
Disadvantages to incorporating and utilizing technology
: disadvantages to incorporating and utilizing technology in an organization?
|
|
Proportionate non liquidating distribution
: Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate non liquidating distribution, cash of $25,000, cash basis receivables with an inside basis of $0 and a fai..
|
|
Any excess cash is used to repay loans at month end
: Foyert Corp. requires a minimum $ 30,000 cash balance. If necessary,
|
|
Cognitive and affective aspects of creativity
: The cognitive and affective aspects of creativity may be its most important components. Which of these aspects is likely to have the greater effect on the other? Why
|