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Suppose that V = [0, v‾] is a bounded interval. Show that in a symmetric sealedbid second-price auction with independent private values the strategy vector under which buyer 1 bids v‾ and all the other buyers bid 0 is an (asymmetric) equilibrium.
Is it also an equilibrium in a sealed-bid first-price auction? Justify your answer.
Is there an equilibrium in an open-bid ascending auction that is analogous to this equilibrium?
Select one analytic technique and discuss a potential application in your childcare profession. Be specific about your choice and how it applies to your profession.
Determine whether the process of iterated elimination of strictly dominated strategies yields a single strategy vector when it is completed.
A scooter factory runs three assembly lines, A, B, and C. 98.9% of line A's scooters pass inspection, while only 97.8% of line B's scooters and 98.5% of line C's scooters pass inspection.
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
Draw the whole game tree and write down the pure strategies of each player for the whole game. How many pure strategies does each player have?
Find a mixed strategy of Player I that guarantees him the same payoff against any pure strategy of Player II.- Find a mixed strategy of Player II that guarantees him the same payoff against any pure strategy of Player I.
Choose a variable from your own organization. describe how calculating a confidence interval from the results of a sample might be useful for learning more about the population statistics for that variable. Indicate whether you would be calculatin..
Establish whether there exists a two-player game in extensive form with perfect information, and possible outcomes.
Ashland MultiComm Services (AMS) is a residential telecommunications provider. The AMS technical services department has embarked on a quality improvement program. Its first project relates to maintaining the target upload speed for its Internet s..
Now consider the variant in which each player, on her turn, has the additional option of shooting into the air. Find the subgame perfect equilibria of this game when pA pB. Explain the logic behind A's equilibrium action.
Finally profiles in which the winner obtains three or more votes more than the loser.) Is there any equilibrium in which no player uses a weakly dominated action?
National polls are often conducted by asking the opinions of a few thousand adults nationwide and using them to infer the opinions of all adults in the nation. Explain who is in the sample and who is in the population for such polls. Please use a ..
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