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Find Pure Nash Equilibria
1. Consider a two-player game in which player 1 chooses the strategy x1 from the closed interval [-1, 1] while player 2 chooses the strategy x2 from the same closed interval [-1, 1]. Player 1's utility function is x21/2 + x1x2 and player 2's utility function is x2 2/2 - x1x2. Find and plot the best- response function of each player (against any pure strategy of the opponent). Is there a pure strategy Nash equilibrium of the game?
2. Consider a game in which player 1 chooses rows, player 2 chooses columns and player 3 chooses matrices. Only Player 3's payoffs are given below. Show that D is not a best response for player 3 against any combination of (mixed) strategies of players 1 and 2. However, prove that D is not dominated by any (mixed) strategies of player 3.
3. Consider the following three-player game and find all pure Nash Equilibria. Can you find any Nash equilibrium in which exactly two of the three players play a pure strategy while the other plays a mixed strategy (such as (B, R, ½X ½Y)). Explain by considering all possible cases.
4. Show that the following game has two types of NE: (i) player 1 chooses D, 2 chooses C with probability at least 1/3 and player 3 chooses L, and (ii) where player 1 chooses C, player 2 chooses C and 3 chooses R with probability at least ¾.
Consider the electoral competition game presented in Lecture 6. In this game there are two candidates who simultaneously choose policies from the real line. There is a distribution
Consider the Cournot duopoly model in which two firms, 1 and 2, simultaneously choose the quantities they will sell in the market, q1 and q2. The price each receives for each unity
GAME 5 All-Pay Acution of $10 Everyone plays. Show the students a $10 bill, and announce that it is the prize; the known value of the prize guarantees that there is no winer’s
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A sequential game is {one of|one among|one in all|one amongst|one in each of} excellent data if just one player moves at a time and if every player is aware of each action of the p
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
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Any participant in a very game who (i) contains a nontrivial set of methods (more than one) and (ii) Selects among the methods primarily based on payoffs. If a player is non
Equilibrium payoffs are (2, 3, 2). Player A’s equilib- rium strategy is “N and then N if b follows N or N if d follows N” or “Always N.” Player B’s equilibrium strategy is “b if N
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