Question

In the “divide two apples” game, player 1 suggests a division scheme (x,y) from the set...

In the “divide two apples” game, player 1 suggests a division scheme (x,y) from the set {(2, 0), (1, 1), (0, 2)} where x is the number of apples allocated to player 1, and y is the number of apples allocated to player 2. Player 2 counters with a division scheme of her own that comes from the same set. The final allocation is obtained by averaging the two proposed division schemes. The apples can be cut if the resulting numbers are fractional. The payoff of each player is the number of apples (possibly fractional) he or she receives.

a) How many pure strategies does either player have?
b) Find the pure strategy subgame-perfect equilibria of this game.
c) Find all pure strategy Nash equilibria of this game that are not subgame-perfect.

Homework Answers

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
Below is a game between player A and player B. Each player has two possible strategies:...
Below is a game between player A and player B. Each player has two possible strategies: 1 or 2. The payoffs for each combination of strategies between A and B are in the bracket. For example, if A plays 1 and B plays 1, the payoff for A is 1 and the payoff for B is 0. Player B Strategy 1 Strategy 2 Player A Strategy 1 (1,0) (0,1) Strategy 2 (0,1) (1,0) How many pure strategy Nash equilibria does...
Below is a game between player A and player B. Each player has two possible strategies:...
Below is a game between player A and player B. Each player has two possible strategies: 1 or 2. The payoffs for each combination of strategies between A and B are in the bracket. For example, if A plays 1 and B plays 1, the payoff for A is 1 and the payoff for B is 0. Player B Strategy 1 Strategy 2 Player A Strategy 1 (1,0) (0,1) Strategy 2 (0,1) (1,0) How many pure strategy Nash equilibria does...
QUESTION 3 Below is a game between player A and player B. Each player has two...
QUESTION 3 Below is a game between player A and player B. Each player has two possible strategies: 1 or 2. The payoffs for each combination of strategies between A and B are in the bracket. For example, if A plays 1 and B plays 1, the payoff for A is -3 and the payoff for B is -2. Player B Strategy 1 Strategy 2 Player A Strategy 1 (-3,-2) (10,0) Strategy 2 (0,8) (0,0) How many pure strategy Nash...
Consider the following game. Player 1’s payoffs are listed first, in bold:                        Player 2 X...
Consider the following game. Player 1’s payoffs are listed first, in bold:                        Player 2 X Y Player 1 U 100 , 6   800 , 4 M 0 , 0 200 , 1 D 10 , 20 20 , 20 Imagine that Player 1 makes a decision first and Player 2 makes a decision after observing Player 1’s choice. Write down every subgame-perfect Nash equilibrium of this game. Does the outcome above differ from the Nash equilibrium (if the game...
The next two questions will refer to the following game table: Player 2 X Y A...
The next two questions will refer to the following game table: Player 2 X Y A 2, 3 6, 1 Player 1 B 4, 2 1, 3 C 3, 1 2, 4 Question1 Which of Player 1's pure strategies is non-rationalizable, in a mixed-strategy context? Group of answer choices A B C Question2 Using your answer to the previous question, find all of this game's mixed-strategy Nash equilibria. *If you used graphs to help you answer the previous question and...
There are two players. First, Player 1 chooses Yes or No. If Player 1 chooses No,...
There are two players. First, Player 1 chooses Yes or No. If Player 1 chooses No, the game ends and each player gets a payoff of 1.5. If Player 1 chooses Yes, then the following simultaneous-move battle of the sexes game is played: Player 2 O F Player 1 O (2,1) (0,0) F (0,0) (1,2) Using backward induction to find the Mixed-Strategy Subgame-Perfect Equilibrium.
(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...
Consider a modified sequential version of Paper Scissors Rock where Player 1 goes first and chooses...
Consider a modified sequential version of Paper Scissors Rock where Player 1 goes first and chooses Paper, Scissors or Rock, and Player 2 goes second and chooses Paper, Scissors, or Rock. For each player, a win gets a payoff of 1, a loss gets a payoff of -1, and a tie get a payoff of 0. (a) (9 points) Write out the entire game tree for this sequential game. (b) (4 points) Find all the subgame perfect equilibria using backwards...
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...
Consider the following 2 period sequential game. There are two players, Firm 1 and Firm 2....
Consider the following 2 period sequential game. There are two players, Firm 1 and Firm 2. They pro- duce identical goods and these goods are perfect substitutes. The inverse demand function in this market is given by P = 12 − (q1 + q2). Firm 1 moves first and choose its output q1. Firm 2 observes Firm 1’s decision of q1 and then chooses its output q2.\ Suppose that the cost function of both Firm 1 and 2 is given...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT