Consider a game played between an athlete

Assignment Help Business Management
Reference no: EM131277693

Consider a game played between an athlete (player 1) and a drug testing officer (player 2). The athlete has two strategies: not use illegal drugs (N) or use illegal drugs (U). The drug testing officer also has two strategies: not test (N) or test (T).

If the athlete chooses not to use illegal drugs, his payoff is always 0. On the other hand, he gains g > 0 from using illegal drugs if he is not tested. He receives l < 0 from using illegal drugs if he is tested.

If the drug testing officer choose not to test, her payoff is always 0. On the other hand, if she chooses to test, she incurs a cost of c and she will get a benefit from reputation of catching cheaters  b > 0 if she catches the athlete using illegal drugs.

The game is given as follows:


N

T

N

0,0

0,-C

U

g,0

-l,b-c

(Left is Player 1, Top is player2) 

Provide the detailed analysis for finding all Nash equilibria in the cases of b < c, b = c and b > c.

Reference no: EM131277693

Questions Cloud

The impact of technical breakthrough : If the impact of technical breakthrough was incorrectly determined and instead of Upper X 1X1 profit coefficient increasing to $3 it only increases to $1.20. As a result of o this? change, the optimal solution ________
Research and find the fiscal policy approach : Do some research and find the fiscal policy approach used by the U.S., China, Germany, and the U.K. from 2008 until present. What approach did each of these countries take, and what was the change in GDP for each one of these economies from 2008 u..
Player beliefs for possible realization : Each player only observes his/her own card. Model the situation by specifying a probability distribution on an appropriate set of type proles and describe each player's beliefs for each possible realization of his/her type. Are the players' type i..
Threats to sustainability of their competitive advantage : Briefly description of what the company does: What is the value that it creates to its customers? How do they make money out of that value they create? What are the major resources / capabilities of the company? What are the major threats to Sustaina..
Consider a game played between an athlete : Consider a game played between an athlete (player 1) and a drug testing officer (player 2). The athlete has two strategies: not use illegal drugs (N) or use illegal drugs (U). The drug testing officer also has two strategies: not test (N) or test ..
Draw a logic diagram for the circuit : The combination-lock example of Section 7.4.6 can be realized as a finite memory machine. Draw a logic diagram for the circuit, showing the flip-flops and the combinational output logic.
Many integrated delivery system organizations : There are many integrated delivery system organizations providing health care. Identify a specific company, by name, and identify which type of IDS it is. What is the difference between this business model for a health care provider versus a PPO wher..
On the three major leadership theories the lpc theory : On the three major leadership theories the LPC theory, the path-goal theory, and Veoom's decision three approach which is the most comprehesvi? Which is the narrowest? Which has the most practical value?
Write a transition table for the nonminimal state table : Write corresponding excitation equations for D flip-flops, assuming a minimalcost disposition of the unused state 111 . Compare the cost of your equations with the minimal-cost equations for the minimal state table presented in the text.

Reviews

Write a Review

 

Business Management Questions & Answers

  Level and manner of consumption

Identify other means by which the sustainable business can affect the level and manner of consumption. Place this in an ethical context and describe the pros and cons. Further, identify real instances where you have observed the business practice ..

  Critical elements of the research process

Critical Elements of the Research Process and explain the critical elements of the research process, addressing the importance of carrying out the research steps

  Illustrate what is the best economic inspection decision

Estimated cost of inspecting each item is $0.50; while the cost of replacing a nonconforming item after it leaves the production area is $25. Illustrate what is the best economic inspection decision?

  Explain theory and correlation of emotional intelligence

There is much to be said about the theory and correlation of emotional intelligence (EI) related to organizational success and long-term sustainability of a manager/leader in his or her career.

  Dollar profit or loss and holding period return

Cy bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was Cy's dollar profit or loss and holding period return?

  Assume that bjs experiences a severe financial decline

Assume that BJS experiences a severe financial decline and you require a 20% return on the stock

  Investigate potential international business opportunities

You have been appointed as an International Business consultant to investigate potential international business opportunities which can arise out of Free Trade Agreements (FTAs) which Australia has signed with China, Japan and South Korea in recen..

  The revenues per employee compare to industry standard

How do the revenues per employee compare to industry standards? Again, can you explain the variances?

  Identify three companies with which you are familiar

Identify three companies with which you are familiar that are using the Web to conduct business. Describe their use of the Web. 10.

  Sarbanes-oxley act presentation

Create a minimum 3-slide Microsoft® PowerPoint® presentation including detailed speaker notes. The speaker notes should act as the script or text of the presentation. The presentation should include the following:

  How tax relief can be advanced

In the United Kingdom, entrepreneurs selling their business can claim entrepreneurs' relief. - Expound how tax relief can be advanced.

  Define the job dimensions of the firm

Define the job dimensions of the firm as well as discuss whether or not you believe the current design is appropriate for the firm.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd