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

Nash equilibrium - pay off, The following is a payoff matrix for a non-coop...

The following is a payoff matrix for a non-cooperative simultaneous move game between 2 players. The payoffs are in the order (Player 1; Player 2): What is the Nash Equilibri

Volunteer''s dilemma , Scenario As described by William Poundstone, imag...

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

All pure nash equilibrium for strategic form game, write a program in c tha...

write a program in c that takes n number finite players using gambit format and output is to be all pure strategy nash equilibrium

Find the pure-strategy nash equilibrium, Find the pure-strategy Nash equili...

Find the pure-strategy Nash equilibrium Alice is on vacation in Wonderland and considers trying a special mushroom sold by the caterpillar. She cannot tell upfront if the mush

Two player problem of points set up - game theory, a) Show that A c...

a) Show that A counting proof could be fun(?). But any old proof will do. (Note that the coefficients (1,2,1) in the above are just the elements of the second row of Pas

Identification problem, Identification is a problem of model formultion, ra...

Identification is a problem of model formultion, rather than inf nlnde! estimation or appraisal. We say a model is identified if it is in a unique statistical form, enabling unique

Complete data, A game is one among complete data if all factors of the spor...

A game is one among complete data if all factors of the sport are common information. Specifically, every player is awake to all different players, the timing of the sport, and als

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

Bidding increment, A bidding increment is defined by the auctioneer as the ...

A bidding increment is defined by the auctioneer as the least amount above the previous bid that a new bid must be in order to be adequate to the auctioneer. For example, if the in

Animal puzzle, a) This you just have to list all the attributes for the pro...

a) This you just have to list all the attributes for the program. i.e. unique id's for puzzle pieces, attributes for the puzzle like a data field for the number of edges, methods t

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