Q5 "Your strength can be your weakness" A three-person committee has to choose a winner for...
Q5 "Your strength can be your weakness" A three-person committee has to choose a winner for a national art prize. After some debate, e are three candidates still under consideration: a woman who draws antelope in urban set- tings, a man who makes rectangular lead boxes, and a woman who sculpts charcoal. Let's call these candidates a, b and e; and call the committee members 1, 2 and 3. The preferences of the nmittee members are as follows: member I...
1. What's the payoff of each situation? 2. How many strategies does each player A and B have? A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still under consideration: a woman who draws antelope in urban settings, a man who makes rectangular lead boxes, and a woman who sculpts charcoal. Lets call these candidates a, b and c and call the committee members 1, 2 and 3. The...
Elections between Hillary and Trump. There are only three voters and all of them strictly prefer Hilary to Trump. We assume that voters' utility only depends on the candidate that wins the election. In the first round, all voters vote simultaneously. If a candidate is voted by all the three voters, this candidate is elected. If none of the two candidates receives all the votes, then a second round takes place. All voters vote again simultaneously, but the winner is...
To combat election fraud, your city is instituting a new voting procedure. The ballot has a letter associated with every selection a voter may make. A sample ballot is shown:- (Voter places a tick next to his or her preferred candidate, proposition and measure to indicate his/her vote) 1. Mayoral Candidates A. Pincher, Penny B. Dover, Skip C. Perman, Sue 2. PROP 17 D. YES E. NO 3. MEASURE 1 F. YES G....
HOMEWORK # 1 (for due date see web page) Consider a simultaneous two-player second-price auction concerning a single indivisible good. The game-frame is as follows: S S ($3, S4, $5, $6, $7 (these are the possible bids), the set of outcomes is the set of pairs (i, p) where ie1,2 is the winner of the auction and p is the price that winner has to pay and the outcome function is as follows (b denotes the bid of Player i):...