Find a belief space describing this situation

Assignment Help Game Theory

Reference no: EM131332685

Suppose there are two players, N = {I, II}, and four states of nature, S = {s₁₁, s₁₂, s₂₁, s₂₂}. Player I's information is the first coordinate of the state of nature, and Player II's information is the second coordinate. The beliefs of each player, given his information, about the other player's type are given by the following tables:

2480_Matrix 09.jpg

(a) Find a belief space describing this situation.

(b) Is this belief space consistent? If so, describe this situation as an Aumann model of incomplete information.

Reference no: EM131332685

Questions Cloud

Impact of a change in a constraint coefficient : The first four questions are true and false 1. In order to tell the impact of a change in a constraint coefficient, the change must be made and then the model resolved. 2. Any change to the objective function coefficient of a variable that is positi..

Which interest rate gives the lowest present worth : A recent graduate is planning to acquire a new automobile for commuting to work in Atlanta. One option is to purchase a $25, 000 4-door sedan by paying the dealer $5, 000 at the time of purchase and financing the remaining $22, 000 to be repaid in 60..

How would you tie this into the organizations high ethical : Think about how hard you've worked in your group over the past few weeks (Stratsim team project and discussions). As a manager, describe how you would set up a reward and evaluation system for a group project at work. How would you tie this into ..

Which will provide an expected cash flow stream : The Copious Brewing Company (CBC) is considering two expansion plans. The first, Plan A, is to spend $50 million on a state-of-the-art large scale, green, fully integrated brewery which will provide an expected cash flow stream of $8 million per year..

Find a belief space describing this situation : Find a belief space describing this situation.- Is this belief space consistent? If so, describe this situation as an Aumann model of incomplete information.

Problem regarding the game user survey : For the survey sample, you should include what the population is, the sampling method used, and how many will be surveyed. Discussion should include whether or not your sampling method may be biased and how you determined an appropriate number to ..

Define law including contract and bankruptcy : Define Law including contract and bankruptcy - Explain how Adel will deal with this matter and which authorities he will approach to deal with this case.

Explanation of the skin disorder in the case study : An explanation of the skin disorder in the case study you selected. Include in your explanation the lesion type, lesion distribution, color, and any ancillary findings. Then, present a differential diagnosis and explain which is the most likely diagn..

What is appropriate required rate of return against : What is an appropriate required rate of return against which to evaluate the prospective IRRs from the Boeing 7E7? Please use the capital asset pricing model to estimate the cost of equity. At the date Of the case, the 74-year equity market risk prem..

User Account

All Pages