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(Subgame perfect equilibrium of chain-store game) Consider the following strategy pair in the game for K = 100. For k = 1,... , 90, challenger k stays out after any history in which every previous challenger that entered was fought (or no challenger entered), and otherwise enters; challengers 91 through 100 enter. The chain-store fights every challenger up to challenger 90 that enters after a history in which it fought every challenger that entered (or no challenger entered), acquiesces to any of these challengers that enters after any other history, and acquiesces to challengers 91 through 100 regardless of the history. Find the players' payoffs in this strategy pair. Show that the strategy pair is not a subgame perfect equilibrium: find a player who can increase her payoff in some subgame. How much can the deviant increase its payoff?
Do you think farmers collected more or less hay once this law was established and do you think Iceland's prosperity improved because of good neighbors?
What is the smallest value of T for which it possible for B and b to be played in the first play of the game, in a subgame perfect equilibrium
What distribution the means of 10 brains follows? Calculate the parameters to describe this distribution (i.e., mean and standard deviation of the means).
Examine how a repeated relationship among the members can secure them salary in creases every year if (1) every member serves a 3-year term, and every year in rotation one of them is up for reelection.
Explain from firm A's perspective the expected decision that firm B will make and does situation have a Nash Equilibrium?
Determine the expression for the number of customers served at each cart. (Recall that Cart O gets the customers between O and x, or just x, while Cart 1gets the customers betv.reen x and l, or 1 - x.)
Burger Doodle is a fast-food restaurant that processes an average of 680 food orders each day. The average cost of each order is $6.15. Four percent of the orders are incorrect, and only 10% of the defective orders can be corrected
The standard deviation of fresh fruit consumption is about 30 pounds. Suppose a researcher took a random sample of 38 people and had them keep a record of the fresh fruit they ate for one year.
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
The quarterly returns for a group of 69 mutual funds with a mean of 2.3% and a standard deviation of 5.9% can be modeled by a normal model. Based on the model N(0.023, 0.059), what are the cut off values for the:
Suppose that a pair of 14-sided dice are rolled (the sides are numbered 1-14 and yes, these do actually exist).
One airport had 28% late arrivals. After a new directing system was installed, a sample of 1200 flights had 322 late arrivals. At the .01 level, did the new system lower the rate of late arrivals? List the null and alternate hypotheses.
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