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(Voting between three candidates) Suppose there are three candidates, A, B, and C. A tie for first place is possible in this case; assume that a citizen who prefers a win by x to a win by y ranks a tie between x and y between an outright win for x and an outright win for y. Show that a citizen's only weakly dominated action is a vote for her least preferred candidate. Find a Nash equilibrium in which some citizen does not vote for her favorite candidate, but the action she takes is not weakly dominated.
Two players, Amy and Beth, take turns choosing numbers; Amy goes first. On her turn, a player may choose any number between 1 and 10 Who will win the game? What are the optimal strategies (complete plans of action) for each player?
Construct a 90% confidence interval for the population average weight of the candies.
Find the dollar weighted (simple interest) yield rate and the time weighted yield of the account for this year.
q. 1 hawk-dove two animals are fighting over some prey. each can choose one of two stances passive or aggressive. each
Suppose that the MBA education industry is constant cost and is in long run equilibrium. Demand raise, but due to strict accreditation standards, new companies are not allowed to enter the market.
A survey of 356 local drivers reveals that 18.7% of them car pool. Is there evidence that the actual proportion of local commuters car-pooling is less than national level. Also find and interpret the p-value of this test.
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.
Create the strategic form payoff matrix, Determine the Nash equilibrium, Suppose the interaction is sequential where Holland Sweetener chooses to enter
Assume that a population is normally distributed with a mean of 100 and a standard deviation of 15. Would it be unusual for the mean of a sample of 3 to be 115 or more? Why or why not?
Describe the meaning of a Nash Equilibrium when companies are competing with respect to price. Explain why is the equilibrium stable?
The time it takes a symphony orchestra to play beethovens ninth symphony has a normal distribution with a mean of 64.3 minutes and a standard deviation of 1.15 minutes. If an orchestra plays it so slowly that 80% of the orchestras play faster than..
What is the expected (average) payoff to each player if each flips a coin to decide whether to play 2 or 3? ls this better than focusing on both choosing l as a focal equilibrium
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