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In the novel and film The Princess Bride, the villain Vizzini kidnaps the princess. In an attempt to rescue her, the hero, Westley, challenges Vizzini to a battle of wits. Consider this variation on the actual plot. (I do not want to reveal the actual story.) In the battle, Westley puts two identical glasses of wine behind his back, out of Vizzini's view, and adds iocane powder to only one glass. (Iocane is "odorless, tasteless, dissolves instantly in liquid, and is among the more deadly poisons known to man.") Westley decides which glass to put on a table in front of Vizzini and which to put on the table in front of himself. Then, with Westley's back turned so that he cannot observe Vizzini's move, Vizzini decides whether to switch the two glasses. Assume the two simultaneously drink all the wine in their respective wine glasses. Assume also that each player's payoff from drinking the poisoned wine is -3 and the payoff from drinking the safe wine is +1. Write the payoff matrix for this simultaneous-moves game. Specify the possible Nash equilibria. Is there a pure-strategy Nash equilibrium? Is there a mixed-strategy Nash equilibrium?
Determine the quantity of marching band music that would be produced if marching bands were forced to consider the costs they imposed on others.
Total Revenue Look back at Exhibit 3, panel (a) in this chapter. Explain why the total revenue curve is a straight line from the origin, whereas the slope of the total cost curve changes.
In particular, assess whether, in your view, its continued funding is critical to the country in light of the federal debt, redundancies, free market alternatives &, especially whether its actual existence is consistent with the purpose of governm..
The starting salaries for full-time jobs for recent graduates in statistics are normally distributed with a mean of $44,000 and a standard deviation of $2,900. If random samples of 25 recent graduates were selected
The mean concentration of formaldehyde in air is 0.4 ppb, whereas that in seawater is 40 nM. What is the direction and magnitude of flux?
Was Steve Jobs an awful person? Give direct examples of why or why not.
For an NMOS device, plot ID as a function of VGS for different values of VDS .
Compute estimated attendance for a Sunday game, during week 3, with an average ticket price of $40, if the team's winning percentage is 100%.
Explain intuitively why one is higher than the other?
Which Linux distro might be best for your Mom to use as a Windows replacement?
Brian and Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations and events. They are currently producing 2000 shirts per month with average total cost of $8.00, average fixed cost of $2.00
Consider the previous exercise with the situation before migration, and suppose that the government requires the rich residents to contribute 3/4 of the cost of local public good provision where they live and the poor residents to contribute 1/4 o..
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