Find pure nash equilibria, Game Theory

Assignment Help:

Find Pure Nash Equilibria

1. Consider a two-player game in which player 1 chooses the strategy x1 from the closed interval [-1, 1] while player 2 chooses the strategy x2 from the same closed interval [-1, 1]. Player 1's utility function is x21/2 + x1x2 and player 2's utility function is x2 2/2 - x1x2. Find and plot the best- response function of each player (against any pure strategy of the opponent). Is there a pure strategy Nash equilibrium of the game?

2. Consider a game in which player 1 chooses rows, player 2 chooses columns and player 3 chooses matrices. Only Player 3's payoffs are given below. Show that D is not a best response for player 3 against any combination of (mixed) strategies of players 1 and 2. However, prove that D is not dominated by any (mixed) strategies of player 3.

1561_find all pure Nash Equilibria 1.png

3. Consider the following three-player game and find all pure Nash Equilibria. Can you find any Nash equilibrium in which exactly two of the three players play a pure strategy while the other plays a mixed strategy (such as (B, R, ½X ½Y)). Explain by considering all possible cases.

2288_find all pure Nash Equilibria 2.png

4. Show that the following game has two types of NE: (i) player 1 chooses D, 2 chooses C with probability at least 1/3 and player 3 chooses L, and (ii) where player 1 chooses C, player 2 chooses C and 3 chooses R with probability at least ¾.

1360_find all pure Nash Equilibria 3.png


Related Discussions:- Find pure nash equilibria

Game, The interaction among rational, mutually aware players, where the cho...

The interaction among rational, mutually aware players, where the choices of some players impacts the payoffs of others. A game is described by its players, every player's methods,

Bidder''s choice, A multiunit auction mechanism for assigning heterogeneous...

A multiunit auction mechanism for assigning heterogeneous (different) objects. The highest bidder in the first round selects one item among those offered for sale. Then, a second r

Matching pennies, Matching Pennies Scenario To determine who is needed t...

Matching Pennies Scenario To determine who is needed to try to to the nightly chores, 2 youngsters initial choose who are represented by "same" and who are represented by "diffe

Totally mixed strategy, A mixed strategy during which the player assigns st...

A mixed strategy during which the player assigns strictly positive chance to each pure strategy.Morgenstern, Oskar,Coauthor of Theory of Games and Economic Behavior with John von N

Multiple item auction, Normal 0 false false false EN-US...

Normal 0 false false false EN-US X-NONE X-NONE

Non-cooperative game , A non-cooperative game is one during which players a...

A non-cooperative game is one during which players are unable to form enforceable contracts outside of these specifically modeled within the game. Hence, it's not outlined as games

Button auction, A form of a Japanese auction (which is a form of an English...

A form of a Japanese auction (which is a form of an English auction) in which bidders hold down a button as the auctioneer frequently increases the current price. Bidders irrevocab

Consolidation, For the section on dynamic games of competition, you can beg...

For the section on dynamic games of competition, you can begin by asking if anyone in the class has played competi- tive tennis (club or collegiate or better); there is usually one

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd