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.
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,...
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...
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...
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...
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...
For each of the following games:
1) Identify the Nash equilibrium/equilibria if they
exist, 2) identify...
For each of the following games:
1) Identify the Nash equilibrium/equilibria if they
exist, 2) identify all strictly dominant
strategies if there are any, and 3) identify the
Pareto-optimal outcomes and comment whether they coincide with the
Nash Equilibrium(s) you found. Also,
4) would you classify the game as an invisible hand
problem, an assurance game, a prisoners dilemma or none of
these?
Row Player
(R1)
(R2)
Column
Player
(C1)
(C2)
(-1,-1)
(-5,0)
(0,-5)
(-4,-4)