Rollback equilibrium, Game Theory

Assignment Help:

Rollback equilibrium

 

 

930_rollback equilibrium.jpg

 

(b) In the rollback equilibrium, A and B vote For while C and D vote Against; this leads to payoffs of (3, 4, 3, 4). The complete equilibrium strategies are A votes For, B always votes For, C votes For unless both A and B voted For in which case C votes Against, and D always votes Against.

(c) The rollback equilibrium in any situation like this, where only one vote needs to change to affect the outcome, will entail the last voter’s (of the group willing to change) being the one to change her vote. Observers seeing a player like B changing her vote could use this rollback equilibrium to show that if  B had not done so, C would have. This argument is similar to claiming that B did not use her equilibrium strategy, since there was a voter to follow who would have changed her vote if B had not done so.


(d) This argument builds on the analysts’ views of the payoff structure for the legislators. Those who had opposed the death penalty originally but switched before the preliminary vote could not afford to switch their votes a second time; such an action presumably would give the impression of indecision or lack of conviction which the electorate might find unappeal- ing. Legislators hoping to maintain their seats would not want to switch positions so often that their constituents could not identify their true beliefs


Related Discussions:- Rollback equilibrium

Pure strategy, A pure strategy defines a selected move or action that a pla...

A pure strategy defines a selected move or action that a player can follow in each potential attainable state of affairs in a very game. Such moves might not be random, or drawn fr

Game:adding numbers—lose if go to 100 or over (win at 99), GAME Adding Numb...

GAME Adding Numbers—Lose If Go to 100 or Over (Win at 99)   In the second ver- sion, two players again take turns choosing a number be- tween 1 and 10 (inclusive), and a cumulati

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

Fictitious play , A method by that players assume that the methods of their...

A method by that players assume that the methods of their opponents are randomly chosen from some unknown stationary distribution. In every amount, a player selects her best respon

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.

Identifying restrictions, In many cases we are interested in only one (or a...

In many cases we are interested in only one (or a few) of the equations of the model and attempts to measure its parameters statistically without a complete knowledge of the entire

Totally mixed strategy, A mixed strategy during which the player assigns st...

A mixed strategy during which the player assigns strictly positive chance to each pure strategy.Morgenstern, Oskar,Coauthor of Theory of Games and Economic Behavior with John von N

Draw the strategic form game - nash equilibrium, 1. Consider a two-player g...

1. Consider a two-player game where player A chooses "Up," or "Down" and player B chooses "Left," "Center," or "Right". Their payoffs are as follows: When player A chooses "Up" and

Identification problem, Identification is a problem of model formultion, ra...

Identification is a problem of model formultion, rather than inf nlnde! estimation or appraisal. We say a model is identified if it is in a unique statistical form, enabling unique

Bernoulli, Eighteenth century Dutch mathematician codified the notion of ex...

Eighteenth century Dutch mathematician codified the notion of expected utility as a revolutionary approach to risk. He noted that folks don't maximize expected returns however expe

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