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

Games with sequential moves:rollback equilibrium, Rollback shows that Boein...

Rollback shows that Boeing chooses peace over war if Airbus enters, so Airbus will enter. Rollback equilibrium entails Airbus playing “Enter” and Boeing playing “Peace if entry”; e

Asynchrony, In a repeated game it is often unspecified that players move co...

In a repeated game it is often unspecified that players move concurrently at predefined time intervals. However, if few players update their policies at different time intervals, t

#title., the first three words are ''''the boys'' down''''. what are the la...

the first three words are ''''the boys'' down''''. what are the last three words?

Bayesian game and find its bayesian equilibria, Two people are involved in ...

Two people are involved in a dispute. Person 1 does not know whether person 2 is strong or weak; she assigns probability to person 2 being strong. Person 2 is fully informed. Each

Airline ticket, why might an airline offer the following deal: you pay 400 ...

why might an airline offer the following deal: you pay 400 for a round trip ticket from here to orlando, but you only pay 300 per ticket if you stayy in orlando includes a saturday

Draw the strategic form game - nash equilibrium, 1. Consider a two-player g...

1. Consider a two-player game where player A chooses "Up," or "Down" and player B chooses "Left," "Center," or "Right". Their payoffs are as follows: When player A chooses "Up" and

Reserve worth , A reserve worth is that the minimum acceptable bid in an au...

A reserve worth is that the minimum acceptable bid in an auction. If no bidder submits a bid higher than the reserve worth, the auctioneer keeps the item offered for sale. Alternat

Sealed bid auction, An auction during which bidders simultaneously submit b...

An auction during which bidders simultaneously submit bids to the auctioneer while not information of the number bid by different participants. Usually, the very best bidder (or lo

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

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