Find the subgame-perfect equilibrium

Assignment Help Business Management
Reference no: EM131218683

Consider a game in which there are two players, A and B. Player A moves first and chooses either Up or Down. If A chooses Up, the game is over, and each player gets a payoff of 2. If A moves Down, then B gets a turn and chooses between Left and Right. If B chooses Left, both players get 0; if B chooses Right, A gets 3 and B gets 1.

  1. Draw the tree for this game, and find the subgame-perfect equilibrium.
  2. Show this sequential-play game in strategic form, and find all of the Nash equilibria. Which is or are subgame-perfect? Which is or are not? If any are not, explain why.

What method of solution could be used to find the subgame-perfect equilibrium from the strategic form of the game?

Reference no: EM131218683

Questions Cloud

Horizontal axis and other recreational activities : Illustrate Mick's consumption choice in a diagram with health club usage on the horizontal axis and other recreational activities on the vertical axis.
How did impact of the media coverage about the crime rate : What strategies could police employ to ensure an accurate picture of the citizens, crime problem, and solutions for addressing the crime problem in the Anonymous Community are communicated to the media?
What is the effective interest rate : A bond has semiannual interest payments at a nominal annual rate of 12%. It has a life of 10 years and a face value of $5000. If it is currently selling for $4270, what is the effective interest rate? Please provide steps.
Locate and review information on the mission : Select a business and visit its homepage. - Locate and review information on the mission and vision statements pertaining to the company's diversity philosophy and practices.
Find the subgame-perfect equilibrium : Draw the tree for this game, and find the subgame-perfect equilibrium. Show this sequential-play game in strategic form, and find all of the Nash equilibria. Which is or are subgame-perfect? Which is or are not? If any are not, explain why.
Cobb-douglas production function : Write down a Cobb-Douglas production function for which capital earns one-fourth of total income.
Calculate the initial consumer surplus : (a) Find the initial equilibrium price and quantity. Calculate the initial consumer surplus (CS) and producer surplus (PS).  (b) Suppose the government imposes a price floor on aluminum rods. Aluminum rods must now sell for$50 per unit. Will t..
What possibilities would open up for new types of mobile : Suppose that engineers invented an accurate and reliable means of monitoring and measuring the emissions from individual automobiles throughout the year. What possibilities would this open up for new types of mobile source emission control program..
Summarize -youth victimization: prevalence and implications : Summarize the "Youth Victimization: Prevalence and Implications" report. In your assignment, discuss the strengths and weaknesses of this study. Do you agree with the findings of this report? Why or why not?

Reviews

Write a Review

Business Management Questions & Answers

  Create a plan for purchase

Your pastor has learned that you are taking a course in whichyou are learning about Excel. He has asked your team for assistance in developing a budget for the church using Excel. He would like a budget that will not only list out the basic expens..

  Find the reorder point and the inventory position

The information technology department of a university buys paper for its copier machine frequently. The office manager would like to determine the best quantity to order each time an order is placed.

  Identically endowed with units of the consumption good

Each individual is identically endowed with units of the consumption good at date 0 and units of the consumption good at date 1. Presume that the distribution of date-

  Summary of the article content

Your posting should provide a brief summary of the article's content (first paragraph) followed by your analysis (second paragraph).

  Tax aspects of the alternatives

From Consuela's point of view, should she sell the burrito-stuffer assets owned by Stuff, Inc., directly to Frijoles, or should she sell her stock in Stuff, Inc.? Consider not only the tax aspects of the alternatives but also how each alternative ..

  Leverage your strengths

What do you expect to learn from this course that will help you leverage your strengths?

  Question about the stanford prison studya famous

question about the stanford prison studya famous sociological study is the stanford prison study conducted by philip

  Best human capital management practice analysis automobile

best human capital management practice analysis automobile industryget a list of best practices for talent acquisition

  Create awareness for the event

You are a new PR intern at Apple. Apple is donating 200 iPads to a local inner-city school to promote technology in education. As a PR intern, you need to get the word out about this event.

  Context of process management

In the context of process management, _____ is the activity of ensuring conformance to the requirements and taking corrective action when necessary to correct problems and maintain stable performance, whereas _____ implies enhancing performance.

  Introduction and background on the business idea

Introduction and Background on the business idea

  Prepare an entrance strategy for this business

The business I chose is Subway Sandwich Shops. Please let me know if you are able to assist me.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd