Question

(c) Suppose that Victoria and Albert are governed by emotions that they cannot cont Neither can avoid getting angry if the other does not clean. And if either one is angry, t quarrel so that the payoff of each is diminished by 2. Given that there is certain to be a quarrel if either docs not clean, the payoff matrix for the game between Victoria and Albert becomes: Vengeful Victoria and Angry Albert Victoria Clean Dont Clean 0,4 Clcan Albert Don Clean 1,0 (d) If the other player cleans, is it better to clean or not clean? If the other player does not clean, is it better to cleau or not clean. Explain

g) and h) questions please! thanks!

0 0
Add a comment Improve this question Transcribed image text
Answer #1

d) If the other player cleans,is it better to clean or not clean-Clean. If the other player does not clean,is it better to clean or not clean- Not clean.

If one player does not clean,the other will get angry so there will be a quarrel whether or not the first player cleans.Given that there will be a quarrel anyways,the second player is better off not cleaning than cleaning.

e) No,it does not have a dominant strategy as the best response depends on what the other person does.

f) The two Nash Equilibrium in this game are - Both clean the room and Both do not clean the room

g) If aAlbert and Victoria both, are easy to anger there are two equilibria, One that is better for both of them and one that is worse for both of them than the equilibrium where neither gets angry and neither cleans

h)The equilibrium outcome in this case would be that Albert does not clean and Victoria does clean.Nobody starts a quarrel then.

Add a comment
Know the answer?
Add Answer to:
g) and h) questions please! thanks! (c) Suppose that Victoria and Albert are governed by emotions...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT