Game playing in class:adding numbers—win at 100, Game Theory

GAME PLAYING IN CLASS GAME 1 Adding Numbers—Win at 100

This game is described in Exercise 3.7a. In this version, two players take turns choosing a number between 1 and 10 (inclusive), and a cumulative total of their choices is kept. The player to take the total exactly to 100 is the winner.The first pair starts by choosing numbers more or less at  taking the total successively to 12, 23, . . ., 78, 89, 100. You can hold a brief discussion and build this insight into the general idea of backward induction. You can also point out how the equilibrium strategy is a complete plan of action.

Posted Date: 9/27/2012 1:27:10 AM | Location : United States







Related Discussions:- Game playing in class:adding numbers—win at 100, Assignment Help, Ask Question on Game playing in class:adding numbers—win at 100, Get Answer, Expert's Help, Game playing in class:adding numbers—win at 100 Discussions

Write discussion on Game playing in class:adding numbers—win at 100
Your posts are moderated
Related Questions
The">http://www.expertsmind.com/questions/green-beard-strategy-30135520.aspx The same questions on this link.

Another term for a preserved bid auction in which bidders simultaneously submit bids to the auctioneer with no knowledge of the amount bid by other member. Usually, the uppermost b


A type of sequential second worth auction during which an auctioneer directs participants to beat the present, standing bid. New bids should increase the present bid by a predefine

saaaaaaasfffffffffffffffffffaaaczzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

I have a problem with an exercise about Cournot game. It is very complex and it is composed by different question and it is impossible for me to write the complete text. I need som

About assignment The goal of this assignment is for the student to propose a new game of your own and to be able to present their ideas in clear and convincing manner. This pro

Extraneous Estimates If some parameters are identified, while others are not and there exists information on their value from other (extraneous) sources, the researcher may pro

GAME 4 Auctioning a Penny Jar (Winner’s Curse) Show a jar of pennies; pass it around so each student can have a closer look and form an estimate of the contents. Show the stud

A strategy is strictly dominant if, no matter what the other players do, the strategy earns a player a strictly higher payoff than the other. Hence, a method is strictly dominant i