Homework Answers
QUESTION Player I A 6,6 2,7 2,-2 Player B 74 2,-2 1,1 C 2.2 1,1 1,1...
QUESTION Player I A 6,6 2,7 2,-2 Player B 74 2,-2 1,1 C 2.2 1,1 1,1 in which the stage game above is repeated twice and there is no discounting. The following are SPNE outcomes in the repeated game (select all that apply) a (AD) in the first period, (AD) in the second period. □ b. (B,F) in the first period, (B,F) in the second period. c·(CF) in the first period, (C,F) in the second period. d.(B.F) in the first...
QUESTION 5 Player III PlayerII Player lI Player i A 11,1 444 A 3,3,0 3,1,7 B...
QUESTION 5 Player III PlayerII Player lI Player i A 11,1 444 A 3,3,0 3,1,7 B 118 31A Player I B 7,5,7 -1,6,3 Consider the stage game above and suppose it is repeated twice without discounting. Consider all possible SPNE in pure strategies for the twice repeated game. The highest payoff Player 1 can get in a SPNE is The highest payoff Player 2 can get in a SPNE is . Finally, the highest payoff Player 3 can get in...
GAME THEORYJust to be clear, 8,8,8 is incorrect. Many people have been posting that as the...
GAME THEORYJust to be clear, 8,8,8 is
incorrect. Many people have been posting that as the answer.
Player IlI Player II Player l A 1,1.1 444 B 7,5,7 -1,6,3 A 3,3,0 3,1,7 B 1,1,8 3,1,4 Player Player Consider the stage game above and suppose it is repeated twice without discounting. Consider all possible SPNE in pure strategies for the twice repeated game. The highest payoff Player 1 can get in a SPNE is The highest payoft Player 2 can get...
In the extensive form representation of the game between Player 1 and Player 2, Player 1...
In the extensive form representation of the game between Player 1 and Player 2, Player 1 moves first and chooses L or R. If Player 1 chooses R the game ends, if Player 1 chooses L then Player 1 and 2 play a simultaneous move game. The game has______________ pure strategy Nash equilibria and__________ pure strategy Subgame Perfect Nash Equilibria (SPNE). The maximum payoff Player 2 gets in a SPNE is___________ . (Please, enter only numerical answers like: 1, 2,...
QUESTION 3 Player A 1,17,1 B 1,-1 4,5 Player I Consider the stage game above and...
QUESTION 3 Player A 1,17,1 B 1,-1 4,5 Player I Consider the stage game above and suppose it is repeated twice without discounting. There exist a SPNE in which the first period outcome is (B,D). To support this SPNE player 1 plays action B in the first period and action period, and plays action in the second period. Player 2 plays action D in the first in the second if the first period outcome was (B,D) and plays action otherwise
QUESTION 6 Player II A 3,2 0,1 В 7,0 2,1 Player I Consider the stage game...
QUESTION 6 Player II A 3,2 0,1 В 7,0 2,1 Player I Consider the stage game above and suppose it is repeated infinitely many times. For (A,C) to be played every period as a SPNE using trigger strategies the discount factor needs to be more than or equal to (Please, enter a numerical value not in fractional form; i.e., instead of 1/2 enter 0.5)
stion 4 10 points Save Answer Player II С 6,6 1,7 D 7,1 3,3 Player l...
stion 4 10 points Save Answer Player II С 6,6 1,7 D 7,1 3,3 Player l Consider a game in which Player 1 first selects between L and R. f Player 1 selects L, then players 1 and 2 play a prisoner's dlemma game represented in the strategic form above it Player 1 selects R then, Player 1 and 2 play the battie-of the-sexes game in which they simultaneously and independently choose between A and B. If they both choose...
3. Player 1 and Player 2 are going to play the following stage game twice: &n...
3. Player 1 and Player 2 are going to play the following stage
game twice:
Player 2
Left
Middle
Right
Player 1
Top
4, 3
0, 0
1, 4
Bottom
0, 0
2, 1
0, 0
There is no discounting in this problem and so a player’s payoff
in this repeated game is the sum of her payoffs in the two plays of
the stage game.
(a) Find the Nash equilibria of the stage game. Is (Top, Left) a...
QUESTION 7 Player II A 3,40,7 В 5,0 1,2 Player I Consider the stage game above...
QUESTION 7 Player II A 3,40,7 В 5,0 1,2 Player I Consider the stage game above and suppose it is repeated infinitely many times. For (A,C) to be playe every period as a SPNE using trigger strategies for Player 1 not to deviate, and more than or equal to the discount factor needs to be more than or equal to for Player 2 not to deviate. Therefore, the discount rate must be larger than or equal to fractional form; ie.,...
. Player 1 and Player 2 are going to play the following stage game twice:
. Player 1 and Player 2 are going to play the following stage game twice: Player 2 Left Middle Right Player 1 Top 4, 3 0, 0 1, 4 Bottom 0, 0 2, 1 0, 0 There is no discounting in this problem and so a player’s payoff in this repeated game is the sum of her payoffs in the two plays of the stage game. (a) Find the Nash equilibria of the stage game. Is (Top, Left) a...
QUESTION Player I A 6,6 2,7 2,-2 Player B 74 2,-2 1,1 C 2.2 1,1 1,1 in which the stage game above is repeated twice and there is no discounting. The following are SPNE outcomes in the repeated game (select all that apply) a (AD) in the first period, (AD) in the second period. □ b. (B,F) in the first period, (B,F) in the second period. c·(CF) in the first period, (C,F) in the second period. d.(B.F) in the first...
QUESTION 5 Player III PlayerII Player lI Player i A 11,1 444 A 3,3,0 3,1,7 B 118 31A Player I B 7,5,7 -1,6,3 Consider the stage game above and suppose it is repeated twice without discounting. Consider all possible SPNE in pure strategies for the twice repeated game. The highest payoff Player 1 can get in a SPNE is The highest payoff Player 2 can get in a SPNE is . Finally, the highest payoff Player 3 can get in...
GAME THEORYJust to be clear, 8,8,8 is
incorrect. Many people have been posting that as the answer.
Player IlI Player II Player l A 1,1.1 444 B 7,5,7 -1,6,3 A 3,3,0 3,1,7 B 1,1,8 3,1,4 Player Player Consider the stage game above and suppose it is repeated twice without discounting. Consider all possible SPNE in pure strategies for the twice repeated game. The highest payoff Player 1 can get in a SPNE is The highest payoft Player 2 can get...
QUESTION 3 Player A 1,17,1 B 1,-1 4,5 Player I Consider the stage game above and suppose it is repeated twice without discounting. There exist a SPNE in which the first period outcome is (B,D). To support this SPNE player 1 plays action B in the first period and action period, and plays action in the second period. Player 2 plays action D in the first in the second if the first period outcome was (B,D) and plays action otherwise
QUESTION 6 Player II A 3,2 0,1 В 7,0 2,1 Player I Consider the stage game above and suppose it is repeated infinitely many times. For (A,C) to be played every period as a SPNE using trigger strategies the discount factor needs to be more than or equal to (Please, enter a numerical value not in fractional form; i.e., instead of 1/2 enter 0.5)
stion 4 10 points Save Answer Player II С 6,6 1,7 D 7,1 3,3 Player l Consider a game in which Player 1 first selects between L and R. f Player 1 selects L, then players 1 and 2 play a prisoner's dlemma game represented in the strategic form above it Player 1 selects R then, Player 1 and 2 play the battie-of the-sexes game in which they simultaneously and independently choose between A and B. If they both choose...
3. Player 1 and Player 2 are going to play the following stage
game twice:
Player 2
Left
Middle
Right
Player 1
Top
4, 3
0, 0
1, 4
Bottom
0, 0
2, 1
0, 0
There is no discounting in this problem and so a player’s payoff
in this repeated game is the sum of her payoffs in the two plays of
the stage game.
(a) Find the Nash equilibria of the stage game. Is (Top, Left) a...
QUESTION 7 Player II A 3,40,7 В 5,0 1,2 Player I Consider the stage game above and suppose it is repeated infinitely many times. For (A,C) to be playe every period as a SPNE using trigger strategies for Player 1 not to deviate, and more than or equal to the discount factor needs to be more than or equal to for Player 2 not to deviate. Therefore, the discount rate must be larger than or equal to fractional form; ie.,...
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