Question

Compute the Nash equilibria of the following location game. There are two people who simultaneously select...

Compute the Nash equilibria of the following location game. There are two

people who simultaneously select numbers between zero and one. Suppose

player 1 chooses s1 and player 2 chooses s2 . If si = sj , then player i gets a

payoff of (si + sj )/2 and player j obtains 1 − (si + sj )/2, for i = 1, 2. If

s1 = s2 , then both players get a payoff of 1/2.

Homework Answers

Answer #1

Ans

complete answer is given in pictin.give it a thumbs up Thank you

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
. Present your formal analysis carefully and compute the Nash equilibria of the following location game...
. Present your formal analysis carefully and compute the Nash equilibria of the following location game in pure strategies. There are two people who simultaneously select numbers between zero and one. Suppose player 1 chooses s1 and player 2 chooses s2. If si < sj , then player i gets a payoff of (si+sj ) 2 and player j obtains 1 − (si+sj ) 2 , for i = 1, 2. If s1 = s2, then both players get a...
Consider the following game played between 100 people. Each person i chooses a number si between...
Consider the following game played between 100 people. Each person i chooses a number si between 20 and 60 (inclusive). Let a-i be defined as the average selection of the players other than player i ; that is, a-i = summation (j not equal to i) of sj all divided by 99. Player I’s payoff is ui(s) = 100 – (si – (3/2)a-i)2 For instance, if the average of the –i players’ choices is 40 and player i chose 56,...
Find two Nash equilibria in the following game s1 s2 s3 t1 3,4 4,5 6,4 t2...
Find two Nash equilibria in the following game s1 s2 s3 t1 3,4 4,5 6,4 t2 2,2 6,4 4,3 t3 5,3 5,5 5,6
Two players can name a positive integer number from 1 to 6. If the sum of...
Two players can name a positive integer number from 1 to 6. If the sum of the two numbers does not exceed 6 each player obtains payoff equal to the number that the player named. If the sum exceeds 6, the player who named the lower number obtains the payoff equal to that number and the other player obtains a payoff equal to the difference between 6 and the lower number. If the sum exceeds 6 and both numbers are...
2) Consider the scenario below: Two firms are merging into a larger company and must select...
2) Consider the scenario below: Two firms are merging into a larger company and must select a computer system for daily use. In the past, the players have used different systems I and A; each firm prefers the system it has used in the past. They will both be better off by using the same computer system than if they use different systems. The payoff matrix for the two players is given below: Player 2 I A Player 1 I...
4. Consider the following non-cooperative, 2-player game. Each player is a middle manager who wishes to...
4. Consider the following non-cooperative, 2-player game. Each player is a middle manager who wishes to get a promotion. To get the promotion, each player has two possible strategies: earn it through hard work (Work) or make the other person look bad through unscrupulous means (Nasty). The payoff matrix describing this game is shown below. The payoffs for each player are levels of utility—larger numbers are preferred to smaller numbers. Player 1’s payoffs are listed first in each box. Find...
A game has two players. Each player has two possible strategies. One strategy is Cooperate, the...
A game has two players. Each player has two possible strategies. One strategy is Cooperate, the other is Defect. Each player writes on a piece of paper either a C for cooperate or a D for defect. If both players write C, they each get a payoff of $100. If both players write D, they each get a payoff of 0. If one player writes C and the other player writes D, the cooperating player gets a payoff of S...
Pure strategy Nash equilibrium 3. In the following games, use the underline method to find all...
Pure strategy Nash equilibrium 3. In the following games, use the underline method to find all pure strategy Nash equilibrium. (B ) [0, 4, 4 0, 5, 3] [4, 0 0 4, 5, 3] [3, 5, 3, 5 6, 6] (C) [2, -1 0,0] [0,0 1,2] (D) [4,8 2,0] [6,2 0,8] (E) [3,3 2,4] [4,2 1,1] 4. In the following 3-player game, use the underline method to find all pure strategy Nash equilibria. Player 1 picks the row, Player 2...
(4) In this game, each of two players can volunteer some of their spare time planting...
(4) In this game, each of two players can volunteer some of their spare time planting and cleaning up the community garden. They both like a nicer garden and the garden is nicer if they volunteer more time to work on it. However, each would rather that the other person do the volunteering. Suppose that each player can volunteer 0, 1, 2, 3, or4 hours. If player 1 volunteers x hours and 2 volunteers y hours, then the resultant garden...
Two players simultaneously name fractions of the pie that they would like to take for themselves...
Two players simultaneously name fractions of the pie that they would like to take for themselves (between 0 and 1). If the two fractions add up to 1 or less, both players get the fractions that they called out. (If they both call out 1⁄2, they each get 1⁄2). If the two fractions add up to more than 1, they both get nothing (If they both call out 2/3, they both get nothing). What are the Nash equilibria of the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT