Normal form game is matrix structure game having four basic elements like :
The normal form game is shown below
Player 1/ Player 2 | Left | Right |
Top | 4,2 | 0,0 |
Bottom | -1,-1 | 2,4 |
Question 4a: Draw a normal form game. Question 4b: Indicate the four basic elements of all...
QUESTION 6 Only!
4) Draw the normal-form matrix for each of the following extensive-form games 2 E 2,2 2 F3,4 2 4, 0 0 -L-I 3,2 6) Use your normal-form matrix for (4b) above. Assume that ơ,-( ). , a. Find ui(IU, ơ2) and ui(ID, ơz). b. Assume 0 (IU)-2/3 and 01(ID)-1/3 Find player l's expected payout. Then find player 2's expected payout. Which is higher?
Consider the following extensive form game P1 RP:2 L2 R2 L1 R1 (2,2) (0,3) 1. How many sub-games are there in this game? What is the Subgame Perfect Equilibrium? 2. Represent this game as a Normal form game and find all pure strategy Nash Eq. Is there a mixed Nash eq. in this game? If yes, show one. If not, argue why not 3. Now assume that P2 cannot observe P1's action before he makes his move. As such, he...
Game Theory:
I only need help with 5 (a & b).
Will rate for correct and descriptive answers!
4 Draw the normal-form matrix for each of the following extensive-form games. C 0,0 E 2,2 F3,4 1 U 4,0 (b) 11 3,2 5) Use your normal-form matrix for (4a) above. Assume that ơi-( Find the following: , , ). a. ui(oi, CE
Part 1 Game Theory 1.Find all the NEs of the following Normal Form Games D 3,1 5.3 2. D -2,1-T 4,0 3.
Game Theory:
I only need help with 6 (a & b)!
Will rate for correct and descriptive
answers!
Draw the normal-form matrix for each of the following extensive-form games C 0,0 E 2,2 F3,4 4, 0 3,2 6) Use your normal-form matrix for (4b) above. Assume that ơ,-( ). , a. Find ui(IU, ơ2) and ui(ID, ơ2). b. Assume 0 (IU)-2/3 and 0(ID)-1/3 Find player l's expected payout. Then find player 2's expected payout. Which is higher?
3 part question
Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the questions that follow: Pepsi Don't Supply (D) 250,200 Supply(S) 300,0 Don't Supply (D) Coke Supply(S) 200,100 350,200 a. What is the Nash equilibrium/equilibria strategy of the game? O a. {SS} b.{D,S} OC {D,D) O d. {S,D} QUESTION 12 Consider the Normal Form game from question 10: If Coca-Cola was to utilize a maximin strategy, what strategy will it choose? O a. Don't supply...
Which of the following is not one of the four basic elements of formal rationalization in a bureaucratic setting according to Max Weber? Select one: a. predictability Ob. efficiency c. quantification Odblanding All of the move are in fact part of the four basic elements of formal rationalization
Question 5: Write the normal form of the following game. Find all its Nash equilibria. Find one SPNE M a b 3 3 1 0 0 Y 0 0 x 1 1 y 2 1 1 2 1 2. 2 1
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Fizz Low Price 550, -200 200, 100 a. What...
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Low Price 550,-200 200, 100 Fizz a. What is...