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In the following payoff matrix of a two-person zero-sum game, no player has an optimal pure strategy
What inequalities must the numbers a, b, c, d satisfy? Find the value in mixed strategies of this game.
A 5-card poker hand is said to be a full house if it consists of 3 cards of the same denomination and two other cards of the same denomination(of course,different from the first denomination). How many hands of full house are possible?
Examine the common price setting strategies of airlines that use game theory. Predict the potential effects of such pricing strategies on the demand for seats, and conclude the resulting impact on the profitability of the airlines
Suppose you have been offered chance to participate in a Treasure Hunt game whose rules are as follows. There are 3-colored boxes: red, green and yellow.
List the strategies available to each player in the game - Find all Nash Equilibrium and find all pure and mixed strategy Nash Equilibriums
If an applicant to a university has taken test A and scored 910 and another student has taken test B and scored 33, compare these students score using Z-values. Which one has a higher relative score?
The player who moved last (the one who caused the number of pennies to exceed fifteen) wins the game. - Determine which of the players has a strategy that guarantees victory, and describe the winning strategy.
In the summer ECMBA has a group assignment. Students are assigned to two person groups that have to make a 25 point paper applying game theory to competitive strategy.
What is the mean of the sampling distribution of the difference between means?
Find a game that has at least one equilibrium, but in which iterative elimination of dominated strategies yields a game with no equilibria.
What is the strategy space (the set of strategies) for each player? What is the payoff for each player as a function of the strategy profiles? Compute the set of rationalizable effort levels for each player.
After you play the game write a response discussing what aspects of trade this game showed. Also discuss the kinds of restrictions on trade coutries use with each other and how they affect the market.
Write down the matrix with payoffs for both players - what is the Nash equilibrium in pure strategies - What is the probability that this person is from ethnicity γ? Provide your answer in fractions and not in decimal places. Failure to do so will ..
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