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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.
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.
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.
Consider two identical firms, for each firm, the total cost of producing q units of output is C(q)=0.5q^2. The price is determined as P(q1,q2)- a-q1-q2. Estimate Cournots outcome;
An item of information of data in a very game is common grasp ledge if all of the players realize it (it is mutual grasp ledge) and every one of the players grasp that each one dif
Ordinally Symmetric Game Scenario Any game during which the identity of the player doesn't amendment the relative order of the ensuing payoffs facing that player. In different w
Problem:-Two players take turns choosing a number between 1 and 10 (inclusive), and a cumulative total of their choices is kept. The player to take the total exactly to 100 is the
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consider the three player game in question 2 in assignment 1. Assume now that player 3 moves first. Players 1 and 2
Scenario As described by William Poundstone, imagine that you just notice that electricity has gone out for your entire neighborhood. the electrical company can send somebody to
In any game, payoffs are numbers that represent the motivations of players. Payoffs might represent profit, quantity, "utility," or different continuous measures (cardinal payoffs)
Stanley is auctioning an item that he values at zero. Betty and Billy, the two potential buyers, each have independent private values which are drawn from a uniform distribution, P
Perfect Nash equilibrium Two students prepare their homework assignment together for a course. They both enjoy getting high grade for their assignment, but they dislike workin
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