Discuss is there a strictly dominated strategy

Assignment Help Econometrics
Reference no: EM13231572

There are two players i = 1,2. Each player announces a number xi ? {0, 1, 2,...,10}g and the announcement is done simultaneously. The one who says lower number wins. If the player wins, he gets 1$, if he loses, he gets 0. In case of a tie (i.e., both players announce the same number), the dollar is split equally between both players.

(a) Is there a strictly dominated strategy?

(b) Find all pure strategy equilibria.

Reference no: EM13231572

Questions Cloud

Explain what was the concentration of hydroxide ion : The student then took 100 ml of the Mg(OH)2 solution and reacted with HCl(aq). If 13.75 ml of .010M HCL reacted with the OH-(aq), what was the concentration of hydroxide ion in the 100ml solution?
What is the maximum amount of profit the firm can earn : A monopolist serves a market in which the demand is P=120-2Q. It has a fixed cost of 300. Its marginal cost is 10 for the first 15 units (MC=10 when 0
How many tires should rocky mountains tire order each time : How many tires should Rocky Mountains tire order each time it time it places an order?
Describe steps improving or maintaining relations with other : Describe the steps necessary for improving and maintaining relations with other business units
Discuss is there a strictly dominated strategy : There are two players i = 1,2. Each player announces a number xi ? {0, 1, 2,...,10}g and the announcement is done simultaneously. The one who says lower number wins. If the player wins, he gets 1$, if he loses, he gets 0.
How can a firm reduce its risk in this type of expansion : What are the factors that must be considered, and how can a firm reduce its risk in this type of expansion?
State the structure of the organic compound : Draw the structure of the organic compound that exists when lidocaine is in the presence of an acidic solution, for example, hydrochloric acid. You may use standard implicit style for atoms and lone-pairs if you like, but make sure that all bonds ..
Challenge to the emerging states of the renaissance : Why was private justice a challenge to the emerging states of the Renaissance ?
Find the reorder point necessary to provide a 98 percent : Suppose the production manager is asked to reduce the safety stock of this item by 50 percent. If she does so, what will the new service probability be?

Reviews

Write a Review

Econometrics Questions & Answers

  What is the present worth of the cash flow

First we have to determine the general inflation rate over the project period, then we need to convert the cash flows into actual dollars into equivelant constant dollars with year zero as the base year. Then if the annual inflation free interest ..

  What is the solution to the firms long-run cost minimization

Consider the production function in Learning- By-Doing Exercise 7.6: Q = L + K + M.For this production function, the marginal products of labor, capital, and materials are MPL = 1/(2 L), MPK = 1/(2 K), and MPM = 1/(2 M).

  Will the fed need to increase or decrease the supply

Suppose that the demand for Federal funds curve is such that the quantity of funds demanded changes by $120 billion for each 1 percent change in the Federal funds interest rate. Also, assume that the current Federal funds rate is at the 3 percent ..

  What is the price of a call option with the same exercise

Stock A is currently selling for $37 per share. A put option with an exercise price of $45 sells for $8 and expires in four months. If the risk-free rate of interest is 2:3% per year, compounded daily, what is the price of a call option with the s..

  Estimate potential sales of employer product

Suppose you have been employed as an economic analyst, your job is to use the Regression Model to estimate potential sales of your employer's product.

  Use increment to value the scale-up option

A firm has undertaken a project in which the firm has the option to invest in additional manufacturing and distribution resources (or scale up). The project's current value is V0 = $25M. Anytime over the next three years, the firm can invest an add..

  Find numerical equation relating plan aggregate expenditure

The following set of equations describe an economy: C = 14,000 + 0.6(Y - T) - 50,000r, I p = 7,000 - 25,000r, G = 8,000, NX = 2,000, T = 8,200, Y* = 46,450 a. Find a numerical equation relating planned aggregate expenditure to output and to th..

  Compute the depreciation schedule of straight-line method

Consider a $90,000 piece of machinery, with a 5-year depreciable life and an estimated $5,000 salvage value at the end of its 5-year life. Compute the depreciation schedule and the book values for the equipment by each of the following methods

  Determine standard error of the estimate

There is a belief that a person's performance on the GMAT (entrance exam to get into graduate school) can be predicted by their undergraduate GPA. Based on regression analysis what are the following values, (Round to three decimal places; put it ..

  How to estimate the real dollar costs and benefits

A telephone distribution company is considering building a new automated switching equipment substation with a useful life of 20 years. The company uses a 14% MARR to assess capital investment projects. Estimated real dollar costs and benefits

  Find the consumer surplus at the new price

Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..

  How many firms will there be in long run equilibrium

Suppose there are n identical firms in a market. Each firm has fixed cost equal to 392, and variable cost given by VC = 2q^2, where q is the amount that an individual firm produces. This means that an individual firm's marginal cost is given by MC..

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