Rollback equilibrium, Game Theory

Rollback equilibrium

 

 

930_rollback equilibrium.jpg

 

(b) In the rollback equilibrium, A and B vote For while C and D vote Against; this leads to payoffs of (3, 4, 3, 4). The complete equilibrium strategies are A votes For, B always votes For, C votes For unless both A and B voted For in which case C votes Against, and D always votes Against.

(c) The rollback equilibrium in any situation like this, where only one vote needs to change to affect the outcome, will entail the last voter’s (of the group willing to change) being the one to change her vote. Observers seeing a player like B changing her vote could use this rollback equilibrium to show that if  B had not done so, C would have. This argument is similar to claiming that B did not use her equilibrium strategy, since there was a voter to follow who would have changed her vote if B had not done so.


(d) This argument builds on the analysts’ views of the payoff structure for the legislators. Those who had opposed the death penalty originally but switched before the preliminary vote could not afford to switch their votes a second time; such an action presumably would give the impression of indecision or lack of conviction which the electorate might find unappeal- ing. Legislators hoping to maintain their seats would not want to switch positions so often that their constituents could not identify their true beliefs

Posted Date: 9/27/2012 3:15:06 AM | Location : United States







Related Discussions:- Rollback equilibrium, Assignment Help, Ask Question on Rollback equilibrium, Get Answer, Expert's Help, Rollback equilibrium Discussions

Write discussion on Rollback equilibrium
Your posts are moderated
Related Questions
1. (a) True or False: If a 2x2 game has a unique pure strategy Nash Equilibrium, then both players always have dominant strategies. (b) Draw a table representing the Prisoner.s Dil

recently i joined a network marketing company called ebiz.com. am worried about its legality and functioning.. please help if netwok marketing works?

A practice analogous to price fixing in which auction members form a ring whose associates agree not to bid against each other, either by discarding the auction or by placing phony


Ship, Captain and Crew (sometimes called Ship, Captain and Mate) was a popular bar game played for drinks with five dice and throwing cup. Each player gets three throws. He has to

One of the foremost common assumptions created in game theory (along with common information of rationality). In its mildest kind, rationality implies that each player is motivated

Named when Vilfredo Pareto, Pareto potency (or Pareto optimality) may be alive of potency. An outcome of a game is Pareto economical if there's no different outcome that produces e

An auction associates who submits offers (or bids) to sale or buy  the goods being auctioned.

The normal kind may be a matrix illustration of a simultaneous game. For 2 players, one is that the "row" player, and also the different, the "column" player. Every rows or column

write a program in c that takes n number finite players using gambit format and output is to be all pure strategy nash equilibrium