A two player strategic form game

Assignment Help Game Theory
Reference no: EM131332457

Let A and B be two sets in R2 satisfying:

  • A ⊆ B;
  • A is a union of a finite number of rectangles;
  • B is the convex hull of a finite number of points.

Prove that there is a two-player strategic-form game satisfying the property that its set of Nash equilibrium payoffs is A, and its set of correlated equilibrium payoffs is B.

Reference no: EM131332457

Questions Cloud

Why is caribbean important in understanding british america : Describe three ways that indigenous American communities and cultures were affected by European contact. List three ways that New England colonization and settlement differed from that of the Chesapeake. List two ways that New England colonization a..
Depreciated over five years using straight-line method : Nata, Inc., is considering the purchase of a $ 367.000 computer with an economic life of five years. The computer will be fully depreciated over five years using the straight-line method. The market value of the computer will be $ 67, 000 in five yea..
What is the probability that a transmitted digit : Suppose that 40% of the transmitted digits are 0s. 1. What is the probability that a transmitted digit is correctly received by the satellite?
Voice recognition computer keyboards year for four years : Your company has been approached to bid on a contract to sell 5, 100 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond that time they will be outdated and no sales will be possible. Additionall..
A two player strategic form game : Prove that there is a two-player strategic-form game satisfying the property that its set of Nash equilibrium payoffs is A, and its set of correlated equilibrium payoffs is B.
What does the film focus on in terms of the prison reform : What are the implications of the American justice system on the Convict leasing of former slaves, criminalization of civil rights in the 1960s to the images of black criminality to win elections in the 1970s and the present moment. Why is it a mor..
The mixed methods approach : Through your work in this unit, you have come to understand just how different quantitative and qualitative decision-making techniques are. Perhaps that is why a mixed methods decision-making technique could be characterized as drawing from the be..
Depreciation is straight-line to zero : Gold Star Industries is contemplating a purchase of computers. The firm has narrowed its choices to the SAL 5000 and the HAL 1000. Gold Star would need six SALs, and each SAL costs $3, 650 and requires $390 of maintenance each year. Assume that the m..
Study quantitative or categorical : (a) Can we conclude that 34% of all drivers have driven with a pet on their lap? (b) Explain why it is not appropriate to generalize these results to all drivers, or even to all drivers who visit cnn.com. What is the problem with this method of..

Reviews

Write a Review

Game Theory Questions & Answers

  Use the best-response approach to find all nash equilibria

Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Pertaining to the matrix game theory problem

Pertaining to the matrix need simple and short answers, Find  (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.

  Nash equilibria

Consider the two-period repeated game in which this stage game is played twice and the repeated-game payo s are simply the sum of the payo s in each of the two periods.

  Find the nash equilibrium

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.

  Construct the payoff matrix for the game

The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.

  Question about nash equilibrium

Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.

  Finding the nash equilibrium

Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.

  Nash equilibria to determine the best strategy

Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  Determine the nash equilibrium for trade policy

Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:

  Find the nash equilibrium outcomes

Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.

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