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1. Find all NE of the following 2×2 game. Determine which of the NE are trembling-hand perfect.
2. Consider the following two-person game where player 1 has three strategies and player 2 has two strategies. Find all NE of the game.
Hint: this game can be reduced to a 2 × 2 game by eliminating strictly dominated strategies.
3. Consider the following two-person game where each player has three strategies. Find all NE of the game.
Hint: Use the symmetric nature of the game. Also note that since a player has three strategies, its mixed strategy can be one of the following forms: (i) mix only two out of three and (ii) mix all three.
GAME 4 Auctioning a Penny Jar (Winner’s Curse) Show a jar of pennies; pass it around so each student can have a closer look and form an estimate of the contents. Show the stud
Give me solution
Experimental economics is bothered with utilizing laboratory experiments to realize understanding of how cognition, memory, and heuristics have an effect on behavior of individuals
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1. Two firms, producing an identical good, engage in price competition. The cost functions are c 1 (y 1 ) = 1:17y 1 and c 2 (y 2 ) = 1:19y 2 , correspondingly. The demand functi
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