Question

Consider a subtraction game with subtraction set S= {1,4} starting with 6 chips. Player 1 goes...

Consider a subtraction game with subtraction set S= {1,4} starting with 6 chips. Player 1 goes first, and if Player 1 is the last to remove a chip, then Player 2 pays one dollar to Player 1; if Player 2 is the last to remove a chip, then Player 1 pays one dollar to Player 2. a) Find the payoff matrix for the game (create matrix)  b) Find v+ and v-

Homework Answers

Answer #1

SOLUTION:

Given That data Consider a subtraction game with subtraction set S= {1,4} starting with 6 chips. Player 1 goes first, and if Player 1 is the last to remove a chip, then Player 2 pays one dollar to Player 1; if Player 2 is the last to remove a chip, then Player 1 pays one dollar to Player 2.

So

(a)

Player 1 goes first,

S = {1 , 4} stating with 6 chips.

Player 1 is the last to remove a chip.

Player 2 pays one dollar to player 1.

If player 2 is the last to remove a chip

Than player 1 pays one dollar to player 2.

PAYOFF MATRIX:

Player 1 player 2

Chips dollar

Player 1 chips (0,4) (1,2)

Player 2 dollar (2,1) (1.4)

The payoff matrix there basic parts.==>[Opponents , Strategists, Outcome].

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
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...
There are 10 chips in a bag. There 2 blue chip(s), 6 red chip(s), and 2...
There are 10 chips in a bag. There 2 blue chip(s), 6 red chip(s), and 2 white chip(s). A player gets to draw one chip from the bag. If a blue chip is drawn, the player wins $10. If a red chip is drawn, the player wins $5. If a white chip is drawn, the player wins $1. Someone decides to play the game, hoping to win some money. It costs 5 to play the game. a) What is the...
Consider the following game.  Player 1 has 3 actions (Top, middle,Bottom) and player 2 has three actions...
Consider the following game.  Player 1 has 3 actions (Top, middle,Bottom) and player 2 has three actions (Left, Middle, Right).  Each player chooses their action simultaneously.  The game is played only once.  The first element of the payoff vector is player 1’s payoff. Note that one of the payoffs to player 2 has been omitted (denoted by x).                                                 Player 2 Left Middle Right Top (2,-1) (-2,3) (3,2) Middle (3,0) (3,3) (-1,2) Bottom (1,2) (-2,x) (2,3)                 Player 1 a)Determine the range of values for x...
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...
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...
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...
The next two questions will refer to the following game table: Player 2 S T F...
The next two questions will refer to the following game table: Player 2 S T F 7, 3 2, 4 Player 1 G 5, 2 6, 1 H 6, 1 5, 4 Question1. This game has one mixed-strategy Nash equilibrium in which Player 1 uses a mixed strategy consisting only of F and H. Find this MSNE, and fill in the blanks below to state it formally: P(F) = P(G) = P(H) = P(S) = P(T) = Question2 This game...
Consider the following version of the simultaneous-move stag-hunt game. S H S 9,9 0,8 H 8,0...
Consider the following version of the simultaneous-move stag-hunt game. S H S 9,9 0,8 H 8,0 7,7 (C)Suppose now that players move in sequence: player 1 moves first, and player 2 chooses his action after observing player 1’s action. Draw the extensive form of this game. Find its subgame perfect equilibrium.
Consider the following market entry game. There are two firms : firm 1 is an incumbent...
Consider the following market entry game. There are two firms : firm 1 is an incumbent monopolist on a given market. Firm 2 wishes to enter the market. In the first stage, firm 2 decides whether or not to enter the market. If firm 2 stays out of the market, firm 1 enjoys a monopoly profit of 2 and firm 2 earns 0 profit. If firm 2 decides to enter the market, then firm 1 has two strtegies : either...
Q1. Consider the following game. A spy (row player) is trying to get away from the...
Q1. Consider the following game. A spy (row player) is trying to get away from the villain (column player) by skiing down one of three routes. The villain can choose to explode a bomb (which is costly) and cause an avalanche or not explode a bomb. Payo↵s are given by the following matrix: Don't explode Explode 1 (12,0) (0.6) 2 (7,1) (1,5) 3 (9,3) (6,0) a. Are there any routes that the spy should never to choose? b. Let q...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT