My question is In Nash Equilibrium, does x-12 have to be greater than 13, or it...

Question

Question

Player 11 C D -2,-2 X-12,0 3,18 13,13 Player A B In the game above, the minimum value of X such that (A,D) is a Nash Equilibr

My question is In Nash Equilibrium, does x-12 have to be greater than 13, or it can be equal?

Answer 1

Answer #1

For AD to be NE

X-12>= 13

So, X>=25

If X = 25

For any value of X

(B,C) is always a NE

So For AD to be NE, X should be Minimum 25

so (X-12) should equal to 13

ao minimum value of X = 25

Add a comment

Answer 2

Similar Homework Help Questions

Player lI Player 2-2 x120 В 3,18 13,13 In the game above, the minimum value of...

Player lI Player 2-2 x120 В 3,18 13,13 In the game above, the minimum value of X such that (A,D) is a Nash Equilibrium is [x]. Please, provide a numerical answer (i.e., write 2 instead of two)
13. Consider the following n-player game. Simultaneously and independently, the players each select either X, Y,...

13. Consider the following n-player game. Simultaneously and independently, the players each select either X, Y, or Z. The payoffs are defined as follows. Each player who selects X obtains a payoff equal to y, where y is the num- ber of players who select Z. Each player who selects Y obtains a payoff of 2a, where a is the number of players who select X. Each player who selects Z obtains a payoff of 3B, where ß is the...
Questions 7-10 For each of the following games, please identify the Nash equilibrium or equilibria. (There...

Questions 7-10 For each of the following games, please identify the Nash equilibrium or equilibria. (There may be none, or multiple). Note: assume the payoffs in the boxes are "positive" -- i.e. higher numbers represent better payoffs. Player 1 Player 2 Strategy Strategy #1 #2 Strategy A 20 B 100 #1 20 No a Strategy No 5 100 Player 2 Strategy Strategy Player 1 Strategy #1 Strategy Player 2 Strategy Strategy #1 #2 15 R 50 70 20 x 20...

Questions 7-10 For each of the following games, please identify the Nash equilibrium or equilibria. (There...

Questions 7-10 For each of the following games, please identify the Nash equilibrium or equilibria. (There may be none, or multiple). Note: assume the payoffs in the boxes are "positive"- i.e. higher numbers represent better payoffs. Player 2 Strategy Strategy #2 ii Player 2 Strategy Strategy #1 #1 # 2 R 50 20 Strategy 15 20 100 Strategy 70 20 #1 #1 10 10 20 5 Strategy Strategy 70 Player 2 Strategy Strategy #1 60 100 #2 15 Player 2...
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)
Please explain why the answer is what it is! QUESTION 9 Player 11 DE F 3,-1...

Please explain why the answer is what it is! QUESTION 9 Player 11 DE F 3,-1 1,1 6,1 4,-1 0,0 6,5 -1,-2 -2,-2 7,-1 Player B C Consider the game in normal form above and select all that apply. a. The strategy profile (B,D) is a Nash Equilibrium. Ub. There is a unique Nash Equilibrium in pure strategies. C. There is an equilibrium in mixed strategies. d. The strategy profile (C,F) is a Nash Equilibrium.

1. Consider the following normal form game: 112 L CR T 10 102 12 0 13...

1. Consider the following normal form game: 112 L CR T 10 102 12 0 13 M 12 25 5 0 0 B|13 010 011 a) (Level A) First suppose this game is played only once. What are the pure strategy Nash equilibria? (b) (Level B) Now suppose this game is played twice. Players observe the actions chosen in the first period prior to the second period. Each player's total payoff is the sum of his/her payoff in the two...
QUESTION 6 X 3, 0 A > 8, 5 Y 4, 6 W 2, 1 Y...

QUESTION 6 X 3, 0 A > 8, 5 Y 4, 6 W 2, 1 Y 6,4 7 3, 2 Consider the extensive form game of complete and imperfect information above. The number of pure strategy Nash Equilibrium in the game is (Please, type only numerical values, for example: 0, 1, 2, 3,....) QUESTION 6 X 3, 0 A > 8, 5 Y 4, 6 W 2, 1 Y 6,4 7 3, 2 Consider the extensive form game of complete...
please,answer both Q6 and Q7 QUESTION 6 X 3,0 A - 8, 5 Y X 4,...

please,answer both Q6 and Q7 QUESTION 6 X 3,0 A - 8, 5 Y X 4, 6 W B 2,1 6,4 C 7 3, 2 Consider the extensive form game of complete and imperfect information above. The number of pure strategy Nash Equilibrium in the game is (Please, type only numerical values, for example: 0, 1, 2, 3,....) QUESTION 7 X 3,0 8, 5 Y 4, 6 B W 2, 1 Y 6,4 C 3,2 Consider the extensive form game...

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.,...