Battle of the sexes, Game Theory

Assignment Help:

scenario

A wife and husband ready to meet this evening, but cannot remember if they will be attending the opera or a boxing match. Husband prefers the boxing match and wife prefers the opera, though both prefer being with each other to being apart. Thus, while both of them prefer to find themselves at the same place, the wife and husband cannot agree which event to attend. This is an example of a coordination game. When expressed in the ordinary form, it becomes evident that there are two pure policy (and one mixed policy) equilibria.

Description

 

There are two pure policy equilibria. Different pure policy equilibrium is favored by each player. However, either equilibrium is favored by both players to any of the non-equilibrium outcomes. Thus, both equilibria are Pareto optimal. Mixed policy equilibrium also exists.

Example


Husband

 



boxing

opera

Wife

boxing

1,2

0,0

opera

0,0

2,1

General Form



Player 2



L

R

Player 1

U

I,V

II,VI

D

III,VII

IV,VIII

Where the following relations hold:
IV>I>II; IV>I>III
V>VIII>VII; V>VIII>VI

 


Related Discussions:- Battle of the sexes

Consolidation, For the section on dynamic games of competition, you can beg...

For the section on dynamic games of competition, you can begin by asking if anyone in the class has played competi- tive tennis (club or collegiate or better); there is usually one

Mixed strategy, A strategy consisting of potential moves and a chance distr...

A strategy consisting of potential moves and a chance distribution (collection of weights) that corresponds to how frequently every move is to be played. A player would solely use

Iterated game, When players interact by enjoying an identical stage game (s...

When players interact by enjoying an identical stage game (such because the prisoner's dilemma) varied times, the sport is termed an iterated (or repeated) game. not like a game pl

First worth auction, An auction during which the bidder who submitted the v...

An auction during which the bidder who submitted the very best bid is awarded the item being sold and pays a worth equal to the number bid. Alternately, in a very procurement aucti

Nova, how do tron legacy made?

how do tron legacy made?

Airline ticket, why might an airline offer the following deal: you pay 400 ...

why might an airline offer the following deal: you pay 400 for a round trip ticket from here to orlando, but you only pay 300 per ticket if you stayy in orlando includes a saturday

Pareto coordination game, Scenario Two corporations should simultaneousl...

Scenario Two corporations should simultaneously elect a technology to use for his or her compatible merchandise. If the corporations adopt totally different standards, few sales

Find pure nash equilibria, Find Pure Nash Equilibria 1. Consider a two-...

Find Pure Nash Equilibria 1. Consider a two-player game in which player 1 chooses the strategy x 1 from the closed interval [-1, 1] while player 2 chooses the strategy x 2 fr

Blind auction, Another term for a preserved bid auction in which bidders si...

Another term for a preserved bid auction in which bidders simultaneously submit bids to the auctioneer with no knowledge of the amount bid by other member. Usually, the uppermost b

Design mousetrap game board, Three flowcharts and the game board for your m...

Three flowcharts and the game board for your mousetrap game should be submitted. You can use board_design.pdf to help you lay out your board. Basically, you can use any shapes you

Write Your Message!

Captcha
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