Find the nash equilibria - strategic game, Game Theory

Two people are engaged in a joint project. If each person i puts in the e ort xi, a nonnegative number equal to at most 1, which costs her c(xi), the outcome of the project is worth f(x1; x2). The worth of the project is split equally between the two people, regardless of their effort levels.

(a) Formulate this situation as a strategic game.

(b) Find its Nash equilibria when i. f(x1; x2) = 3x1x2, c(xi) = x2i , for i = 1; 2.

ii. f(x1; x2) = 4x1x2, c(xi) = xi, for i = 1; 2.

(c) In each case, is there a pair of e ort levels that yields both players higher payoffs than the Nash equilibrium e ort levels?

 

Posted Date: 3/23/2013 4:01:09 AM | Location : United States







Related Discussions:- Find the nash equilibria - strategic game, Assignment Help, Ask Question on Find the nash equilibria - strategic game, Get Answer, Expert's Help, Find the nash equilibria - strategic game Discussions

Write discussion on Find the nash equilibria - strategic game
Your posts are moderated
Related Questions
A sub game excellent Nash equilibrium is an equilibrium such that players' methods represent a Nash equilibrium in each sub game of the initial game. it should be found by backward

1  A, Explain how a person can be free to choose but his or her choices are casually determined by past event 2  B , Draw the casual tree for newcomb's problem when Eve can't pe


A strategy sometimes applied to repeated prisoner's dilemmas during which a player begins by cooperating however defects to cheating for a predefined amount of your time as a respo

Not technically an auction, however a posted-price procedure during which the auctioneer sets a worth and sells to the primary bidder willing to pay it. The auction ends as soon as


please compute this number 885 for the swertres lotto game.

An auction during which the bidder who submitted the very best bid is awarded the item being sold and pays a worth equal to the number bid. Alternately, in a very procurement aucti

Identification is closely related to the estimation of the model. If an equation is identified, its coefficient can, in general, be statistically estimated. In particula

An auction during which just one item is on the market for sale. Procedures embody English, Dutch, and sealed bid auctions. When multiple units are sold in one auction, the auction