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

Full equilibrium strategy example, (a) A player wins if she takes the tota...

(a) A player wins if she takes the total to 100 and additions of any value from 1 through 10 are allowed. Thus, if you take the sum to 89, you are guaran- teed to win; your oppone

Games with strategic moves, Games with Strat e gic M ov es   ...

Games with Strat e gic M ov es   The ideas in this chapters can be brought to life and the students can better appreciate the subtleties of various strategic moves an

Explain the financial system terms definitions, Explain the financial syste...

Explain the financial system terms definitions. The Financial System Definitions: Wealth It is sum of Current Savings and Accumulated Savings Financial asset P

Bayes, Eighteenth century British mathematician who recognized a method for...

Eighteenth century British mathematician who recognized a method for probabilistic mathematical inference. His Bayes Theorem, published posthumously, treats probability as a logic.

Tit for tat, A type of trigger strategy sometimes applied to the repeated P...

A type of trigger strategy sometimes applied to the repeated Prisoner's Dilemma during which a player responds in one amount with identical action her opponent utilized in the last

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

sub game excellent nash equilibrium , A sub game excellent Nash equilibriu...

A sub game excellent Nash equilibrium is an equilibrium such that players' methods represent a Nash equilibrium in each sub game of the initial game. it should be found by backward

Explain about the term game theory, Explain about the term Game Theory. ...

Explain about the term Game Theory. Game Theory: While the decisions of two or more firms considerably influence each others’ profits, in that case they are into a situation

Find the quantities that firm is selling – equilibrium price, 1. Two firms,...

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

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