Identify the pure strategy equilibria, Game Theory

Assignment Help:

Consider the following three games (Chicken, Matching Pennies, Stag Hunt):

Chicken Player 2

Player 1

D V

D -100;-100 10;-10

V -10; 10 -1;-1

Matching Pennies Player 2

Player 1

H T

H 1;-1 -1; 1

T -1; 1 1;-1

Stag Hunt Player 2

Player 1

S R

S 5; 5 0; 1

R 1; 0 1; 1

(a) In each of the above games, identify the pure strategy Nash Equilibria when both players move simultaneously

(b) Now imagine that player 1 chooses her action .rst, and player 2 observes player 1.s choice before choosing her action. What will be subgame perfect Nash Equilibrium outcome of each game? (you do not need to be very formal in this question. An explanation based on your answer to a. will be enough).

(c) In which game(s) is there a .rst mover advantage? In which game(s) is there a second mover advantage? Does making the game sequential ever bene.t both players?


Related Discussions:- Identify the pure strategy equilibria

Variable add, In a Variable add game, the add of all player's payoffs diffe...

In a Variable add game, the add of all player's payoffs differs counting on the methods they utilize. this can be the other of a continuing add game during which all outcomes invol

Three words, if the first three words are "the boy''s down" what are the la...

if the first three words are "the boy''s down" what are the last three words?

Game 4 auctioning a penny jar (winner’s curse), GAME 4 Auctioning a Penny J...

GAME 4 Auctioning a Penny Jar (Winner’s Curse) Show a jar of pennies; pass it around so each student can have a closer look and form an estimate of the contents. Show the stud

Game Theory Assignment, Please let me know if you can assist with the follo...

Please let me know if you can assist with the following assignment immediately. http://www.viewdocsonline.com/document/vkz2u6

Common information, An item of information of data in a very game is common...

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

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

Assurance game, Assurance game Scenario "Assurance game" may be a generi...

Assurance game Scenario "Assurance game" may be a generic name for the sport a lot of commonly called "Stag Hunt." The French thinker, Jean Jacques Rousseau, presented the subse

Personal theory of international trade, I have an assignment in which I hav...

I have an assignment in which I have to invent a new international trade theory. For me, the absolute advantage of Adam Smith is really good, and I want to find a solution if a cou

nim game, Matches or different objects are organized in 2 or a lot of pile...

Matches or different objects are organized in 2 or a lot of piles. Players alternate removing some or all of the matches from anyone pile. The player to get rid of the last match w

Find all nash equilibria of game- game theory, Game Theory: (prisoner'...

Game Theory: (prisoner's dilemma) Consider the following 2 x 2 pricing game, where rms choose whether to price High or Low simultaneously. Find the equilibrium in dominant s

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