Find the nash equilibria for this game

Assignment Help Management Theories

Reference no: EM131246575

Discrete All-Pay Auction: In Section 6.1.4 we introduced a version of an allpay auction that worked as follows: Each bidder submits a bid. The highest bidder gets the good, but all bidders pay their bids. Consider an auction in which player 1 values the item at 3 while player 2 values the item at 5. Each player can bid either 0, 1, or 2. If player i bids more than player j then i wins the good and both pay. If both players bid the same amount then a coin is tossed to determine who gets the good, but again both pay.

a. Write down the game in matrix form. Which strategies survive IESDS?

b. Find the Nash equilibria for this game.

Reference no: EM131246575

Questions Cloud

Percentage increase in nominal gdp : The GDP price index in the United States in 2003was about 94,and real GDP in 2003was $11.6trillion (2005 dollars). The GDP price index in the United States in 2007was about 106,and real GDP in 2007was $13.0trillion (2005 dollars). Calculate nomina..

Draw the decision tree for this problem : As stated previously, the probability that your leg is broken and the probability that you will win the tournament are independent. Can you use a decision tree in the case that the probability that you will win the race depends on whether your leg..

Identify strategies you might use for your own self care : Explain how you, as a social worker, might apply the grieving model you selected to your work with families in a hospice environment. Identify components of the grieving model that you think might be difficult to apply to your social work practic..

Draw the layout for 3 input nand gate with minimum area : Draw the layout for 3-input NAND gate with minimum area. -The schematic of NAND gate using transistors is shown below.

Find the nash equilibria for this game : Write down the game in matrix form. Which strategies survive IESDS?

Contract and promptly filed for bankruptcy : In fall 2013, Apple loaned it sapphire glass supplier $578 million to set up a manufacturing plant to produce the glass for the new iPhone 6. In November 2014, Apple's glass supplier lost the contract and promptly filed for bankruptcy. What happen..

Find the unique mixed-strategy nash equilibrium : Are there any strictly dominated strategies? Are there any weakly dominated strategies?

President barack obama argued : In a speech in late 2011, President Barack Obama argued that: "Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago. Discuss in 500 words " What did president mea..

What is the probability of being denied employment : What is the probability that you will successfully evade the truth during the polygraph test, secure an offer from the company and become its most dishonest employee ever because the polygraph judged you a truth-teller when, in fact, you are a lia..

User Account

All Pages