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(Contributing to a public good) Each of n people chooses whether or not to contribute a fixed amount toward the provision of a public good. The good is provided if and only if at least k people contribute, where 2 ≤ k ≤ n; if it is not provided, contributions are not refunded. Each person ranks outcomes from best to worst as follows: (i) any outcome in which the good is provided and she does not contribute, (ii) any outcome in which the good is provided and she contributes, (iii) any outcome in which the good is not provided and she does not contribute, (iv) any outcome in which the good is not provided and she contributes. Formulate this situation as a strategic game and find its Nash equilibria. (Is there a Nash equilibrium in which more than k people contribute? One in which k people contribute? One in which fewer than k people contribute? (Be careful!))
You are using the Durbin-Watson statistic to discover whether the value of your dependent variable at time t is related to its value at the previous time period.
What are the limitations of the game theory approach to understanding competitive strategy
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.
Draw a game tree for a game in which First has two possible actions (Up or Down) at each node and Second has three possible actions (Top, Middle, or Bottom) at each node.
Firm A and Firm B are the only competitors in market. Each has to decide what price to set for its product. Once prices are set, they cannot be changed for year. Both companies set prices at the same time.
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
Suppose 70% of kids who visit the doctor have a fever, and 15% of kids with a fever have a sore throat. Whats the probability that a kid who goes to the doctor has a fever and a sore throat?
amalia alexia and ariane work together in a homework group on a problem set. each group member i 123 can exert effort
If each group had 15 officers, how would you characterize the performance of the typical officer in each squad?
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.
Assume that the companies in an oligopolistic market engage in a price war and, as a result, all companies earn lower profits. Game theory would describe this as what?
Assume that the relationship between the growth of a fish population and the population size can be expressed as g = 2P - 0.1P, where g is the growth in tons and P is the size of the population (in thousands of tons).
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