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It may seem as though basic static games are too simple to describe the strategic choices faced by modern transnational firms. Yet simple normal-form games apply to the case studies presented in both of the textbooks. Present your observation of what many of these cases have in common. This is your rule category. Point out the cases that are exceptions, if any, and why you think they are different from the others. This is your exception category. In response to your classmates' posts, explain what circumstances would have to change to move a case from the rule category to the exception category, or vice versa.
What are the solutions to this game and how much is it worth to you to get your casino building permit first
Suppose that there are four alternatives, w, x, y, and z. Find the top cycle set. Show, in particular, that z is in the top cycle set even though all committee members prefer w.
A finite lot of 40 digital watches includes 30% nonconforming units. Using the hypergeometric distribution, what is the probability that a sample of 6 will contain 3 nonconforming watches? Show your work.
What body weight is considered underweight (defined as in the bottom 10% for body weight)?
What are the ingredients of a simultaneous-move game? Show (using simple examples) how one might propose a "solution" for such games. Comment on the strengths and weaknesses of your solution concept(s).
The following hypothetical data demonstrate the relationship. The dependent variable is a measure of language skill at age 3 for each child. Do the data indicate any significant differences? Test with α=0.05.
Draw the whole game tree and write down the pure strategies of each player for the whole game. How many pure strategies does each player have?
There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?
Assume that there are at least two non owners, both of whose values of a horse exceed σ1. Find the core of this game.
Elly's Hotdog Emporium is famous for its chilidogs. Elly's latest sales indicate that 30% of the customers order their chilidogs with hot peppers. Suppose 15 customers are selected at random. What is the probability that between two and six people..
Draw this game in extensive form. - Using a matrix representation, find all the pure-strategy Bayesian Nash equilibria for this game.
Bayesian game - Solve for an Nash equilibrium of this game and show that there is always an equilibrium where the sender plays the same action after every message
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