Green –beard strategy, Game Theory

Assignment Help:

1  A, Explain how a person can be free to choose but his or her choices are casually determined by past event

2  B , Draw the casual tree for newcomb's problem when Eve can't perfectly detect Adam's casual history. The probabilities of Eve rightly or wrongly detecting whether adam will later open only the black box instead of opening both boxes are respectively denoted r and w. recal that L denotes the smaller amount of money always in the clear box and M denotes the larger amount of money that eve might might put in side the opaque box  E A

C, Derive the two expected payoffs formulas E A (1B / r, w) and E A ( (2B /r,w) and use them to solve for another formula that equals the smallest value of M (denoted M*) required in order for Adam's expected payoff from opening only the opaque box to exceed that from opening both boxes by a multiple of as least ( a sign that looks like derivative)  L     what is the resulting formula for M*. finally suppose (L, sign that looks like derivative I don't know   )  = (300, 95), (r,w)=(.58, .43) and use the formula for M* to calculate the numerical value of M* for this case

 2.   A, Suppose a CD player player tries to detect whether its partner is C player instead of a DD player by looking for external signals that are at least as typical for DD players than DD players than for cd players draw a diagram tp explain how two boundariesb.L and bu  are optimally determined by the minimum likehood ration Lmin. Show on the diagram where it is optimal to respond C versus D. Also explain what happens to the boundries when detection becomes more cautious by raising the minimum likehood ration

b. What is meaning of the LDD detection strategy

c. What is the main problem with the green -beard strategy? Explain how the LDD strategy overcomes this problem

 3. A. If CD players are able to use the LDD strategy better than pure chance then explain what happens to the signal reliability ration as a CD player detects more cautiously

 b. Assume a population contains either CD ot DD players where each player is randomly matched with partner taken from the whole population. Also assume the fear and greed payoff differences are equal. What are the expected payoff formulas for CD players  [ denoted  E(DD/x CD  ) ]  depending on the fraction of CD players in the population, denoted x CD  \

c. Use expected payoff formulas of part C to algebraically derive an inequality for the signal reliability ration r/w that determines when the CD  players will outperform the DD players. Thenuse this inequality with Part A, to explain how CD players can always outperform DD players starting from any positive initial fraction of CD players  x CD  > 0.

 4, A. Use the inequality derived for part C question 3; to obtain an inequality required x *CD  = 1 to remain stable against DD invaders. Also draw the ROC diagram discussed in class for visually representing this stability inequality

B. Explain how a diagram similar to that shown in part A can be used to derive a prediction of what will happen to the CD players equilibrium probability of cooperating if the fear and greed pay off difference decrease relative to the cooperation payoff difference

C. Again explain how a diagram similar to that shown in Part A can be used to derive a prediction of what will happen to the CD player equilibrium probability of cooperating if they exchange email messages instead of talking talk face to face


Related Discussions:- Green –beard strategy

Leadership in an oil production game, Leadership in an Oil Production Game ...

Leadership in an Oil Production Game Students can be broken into pairs to play this game once, witheach student's representing one country; then each shouldswitch partners and

Rollback , Rollback (often referred to as backward induction) is an iterati...

Rollback (often referred to as backward induction) is an iterative method for solving finite in depth kind or sequential games. First, one determines the optimal strategy of the pl

What do you study about saving and investment spending, What do you study a...

What do you study about the saving, investment spending and financial system? Savings, Investment Spending, and the Financial System: 1. The correlation between savings and

Dutch auction, A type of initial worth auction during which a "clock" initi...

A type of initial worth auction during which a "clock" initially indicates a worth for the item for sale substantially beyond any bidder is probably going to pay. Then, the clock g

Vickrey auction, A sealed-bid second worth auction during which participant...

A sealed-bid second worth auction during which participants every simultaneously submit bids. The auctioneer discloses the identity of the very best bidder who is said the winner.

English auction, A type of sequential second worth auction during which an ...

A type of sequential second worth auction during which an auctioneer directs participants to beat the present, standing bid. New bids should increase the present bid by a predefine

Bayes rule, Treating probability as a logic, Thomas Bayes defined the follo...

Treating probability as a logic, Thomas Bayes defined the following: Pr(X|Y)=Pr(Y|X)Pr(X)/Pr(Y) For example, probability that the weather was bad given that our friends playe

equilibrium refinement, An equilibrium refinement provides how of choosing...

An equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many Nash equilibria, and therefore supply

NAsh equilibrium, Consider a game in which player 1 chooses rows, player 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

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