Question

Two countries, A and B, are at war. War is costly, but neither country wants to...

Two countries, A and B, are at war. War is costly, but neither country wants to be the first to surrender. At the start of each period, there is a peace conference in which the two countries independently and simultaneously tell an arbitrator whether they are willing to surrender (S) or prefer to keep fighting (F).Suppose that in any period, A says S with probability 1/4 while B says S with probability 1/3.

If either A or B (but not both) says S, the one that does not say S wins and the war ends in that period.

If both say S, then the war ends in that period with no winner.

If neither says S, the war continues to the next period.

Q1) In any given period, what is the probability that the war ends?

Q2) What is the probability that B wins the war?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There are two countries, A and B. They have a dispute over a prize of size...
There are two countries, A and B. They have a dispute over a prize of size one (think of a territory whose area or economic value we normalized to one). Denote country A’s share of a negotiated settlement by x and country B’s share by 1 − x. Thus country A would like x to be as close to 1 as possible; country B would like x to be as small as possible. An alternative way of settling their dispute...
16. Two gas stations, A and B, are locked in a price war. Each player has...
16. Two gas stations, A and B, are locked in a price war. Each player has the option of raising its price (R) or continuing to charge the low price (C). They will choose strategies simultaneously. If both choose C, they will both suffer a loss of $100. If one chooses R and the other chooses C, (i) the one that chooses R loses many of its customers and earns $0, and (ii) the one that chooses C wins many...
Two countries, A and B, have a conflict over a common border. The border can take...
Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive (where x is the percentage of the disputed territory under Country A’s control). The status quo border is normalized to one, which is Country A’s ideal point. Country B’s ideal point for the border is zero. Country A’s utility function is x, and B’s utility function is 1-x, where x is the point at which the border is...
Two countries, A and B, are at war. A small island sits between A and B,...
Two countries, A and B, are at war. A small island sits between A and B, but is closer to A. Each country only has one bridge that can access the island. Although valuable, the island is not worth fighting over; each side would rather concede the island to its opponent than fight a battle over it. Since the island is closer to A, A will get to the island first and has to decide whether to burn down the...
Consider two countries: Country A and Country B. Each country has the following Cobb-Douglas type production...
Consider two countries: Country A and Country B. Each country has the following Cobb-Douglas type production function: Country A: Y = (K0.5)(EL)0.5 Country B: Y = (K0.7)(EL)0.3 Unfortunately, your knowledge of Country A is a bit limited. You have pieces of information, but you don’t know the entire picture. o Savings rate (s): unknown for Country A and 14.29% for Country B o Steady-state value of capital per effective worker: unknown for both countries, but you have heard that Country...
Two Rival Companies having a Price War – Assume Companies “A” & “B” are in construction...
Two Rival Companies having a Price War – Assume Companies “A” & “B” are in construction business. They both are bidding to get part of a big construction job – let’s say building a long highway. The government who is giving out the contracts wants to work with at least 2 separate companies. This is the government’s condition to the 2 companies who are independently bidding on this job. •   If there is any collusion between the two companies on...
Describe and assess the different risks associated to each alternative of the decision making and select...
Describe and assess the different risks associated to each alternative of the decision making and select your risk preference or tendency to choose a risky or less risky option. (300 words minimum) The directors of fast food chain of restaurants based in Barcelona named El Mejicano were considering whether to begin the promotion for their new line of menus than originally planned. "I think we should go ahead with the price cuts," Pedro Morales said. "After all, it couldn't hurt!...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT