Full equilibrium strategy example, Game Theory

Assignment Help:

 (a) A player wins if she takes the total to 100 and additions of any value from 1 through 10 are allowed. Thus, if you take the sum to 89, you are guaran- teed to win; your opponent must take the sum to at least 90 but can take it no higher than 99. In either case you can get to 100 on the next move. Using rollback, you can show that you can win if you can get the sum to 78 or to 67 . . . or to 12 or to 1. Thus, being the first mover and using a strategy that entails choosing 1 on the first move and then saying 11 minus whatever your opponent says allows you to win; you take the sum successively to 12, 23, . . ., 78, 89, and 100.

Technically, the full equilibrium strategy is

(i) if you are the first player, start with 1;

(ii) if the current total is not (100 – 11n) for some n, then choose the number that will bring the total to this form; or

(iii) if the current total is of the form (100 – 11n), then choose any number (all choices are equally bad).


(b) In this version, you lose if you force the total to equal or exceed 100, so you can win if you take the total to 99. Using the same type of analysis as  above, you see that you can win if you can get the sum to 88, 77, . . ., 22, or 11. This time you want to be the second mover. Your strategy should be to say 11 minus whatever your opponent says; this strategy takes you successively to 11, 22, . . ., 77,88, 99, and a win.

The full equilibrium strategy is

(i) if you are the first player, choose any number (all choices are equally bad);

(ii) if the current total is a multiple of 11, choose any number (all choices are equally bad); or

(iii) if the current total is not a multiple of 11, choose the number that will make the total a multiple of 11 (this is equivalent to choosing 11 minus the number just chosen by your opponent).


Related Discussions:- Full equilibrium strategy example

Cournot learning, The Cournot adjustment model, initial proposed by Augusti...

The Cournot adjustment model, initial proposed by Augustin Cournot within the context of a duopoly, has players choose methods sequentially. In every amount, a firm selects the act

Game:adding numbers—lose if go to 100 or over (win at 99), GAME Adding Numb...

GAME Adding Numbers—Lose If Go to 100 or Over (Win at 99)   In the second ver- sion, two players again take turns choosing a number be- tween 1 and 10 (inclusive), and a cumulati

Pareto optimal, Named when Vilfredo Pareto, Pareto optimality may be alive ...

Named when Vilfredo Pareto, Pareto optimality may be alive of potency. An outcome of a game is Pareto optimal if there's no different outcome that produces each player a minimum of

Japanese auction, A type of sequential second worth auction, just like an E...

A type of sequential second worth auction, just like an English auction during which an auctioneer frequently raises the present worth. Participants should signal at each worth lev

Evolutionary game theory, Evolutionary game theory provides a dynamic frame...

Evolutionary game theory provides a dynamic framework for analyzing repeated interaction. Originally modeled when "natural models" of fitness, a population might contains folks gen

Find a bayesian nash equilibrium, In Bontemps, Louisiana there are only two...

In Bontemps, Louisiana there are only two places to spend time: Merlotte's bar and Fangtasia. Sookie and Eric have made plans to spend Friday night together, but they never decided

Mba , in a rectangular game pay off matrix of player a is as follows B1 B2 ...

in a rectangular game pay off matrix of player a is as follows B1 B2 A1 5 7 A2 4 0 salve the game write down the pay off matrix of B and then solve the game.

Implications of the identification state of a model, Identification is clos...

Identification is closely related to the estimation of the model. If an equation is identified, its coefficient can, in general, be statistically estimated. In particula

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

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