Homework Answers
Answer 1)
When we choose to play "Guess half the average game" in this format we follow steps as below
If all choose number 50 then average is 25 and whoever chooses less than 50 wins a game simialrly if all chooses 49 then whoever chooses less than 49 wins the game and so on there is incentives to decrease a number till it reaches to bare minimum equals to "0"
Answer 2)
If everyone choose 0 then average is 0 but if any of the players choose 1 then average is non zero which leaves an incentive to quote anything other than zero and so on game continues
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2. a) Explain why the equilibrium, found by IDSDS, in the "Guess half the average game”...
7.30 - Guess-the-Number Game (Project Name: GuessTheNumber) - Write an app that plays “Guess the Number”...
7.30 - Guess-the-Number Game (Project Name: GuessTheNumber) - Write an app that plays “Guess the Number” as follows: Your app chooses the number to be guessed by selecting a random integer in the range 1 to 1000. The app displays the prompt "Guess a number between 1 and 1000: ". The player inputs a first guess. If the player’s guess is incorrect, your app should display Too high. Try again. or Too low. Try again. to help the player “zero...
Guessing the class average game: Suppose we have 30 students enrolled in intermediate microeconomics class and everyone...
Guessing the class average game: Suppose we have 30 students enrolled in intermediate microeconomics class and everyone participates in the game to guess the class average. Each student can pick an integer between 0 and 100( with 0 and 100 included), whoever picks the number that is closest to the class average( calculated from all the guessed numbers) will be the winner(s). What is (are) the Nash Equilibrium( Equilibria) for this game? Explain. Guessing the 1/3 of class average game:...
Q3 Guess 5/6 of the Average Game A hundred players are participating in this game (N-100)....
Q3 Guess 5/6 of the Average Game A hundred players are participating in this game (N-100). Each player has to choose an integer between 1 and 100 in order to guess "5/6 of the average of the responses given by all players'" Each player who guesses the integer closest to the 5/6 of the average of all the responses, wins (a) Find all weakly dominated strategies (if any). (b) Find all strategies that survive the Iterative Elimination of Dominated Strategies...
Can someone upload a picture of the code in matlab Write a "Guess My Number Game"...
Can someone upload a picture of the code in
matlab
Write a "Guess My Number Game" program. The program generates a random integer in a specified range, and the user (the player) has to guess the number. The program allows the use to play as many times as he/she would like; at the conclusion of each game, the program asks whether the player wants to play again The basic algorithm is: 1. The program starts by printing instructions on the...
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round...
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $5 million. If they are wrong, their prize is decreased to $2,250,000. You believe you have a 25% chance of answering the question correctly. . Given that this is Ignoring your current winnings, your expected payoff from playing the final round of the game show...
5. [Subgame perfection] Consider the following game. Two friends, Anne (A) and Bob (B), are trying...
5. [Subgame perfection] Consider the following game. Two friends, Anne (A) and Bob (B), are trying to coordinate on a joint activity, which can be either knitting (K) or fencing (F). Both friends prefer coordinating (i.e., choosing the same activity) to not coordinating but, conditional on coordinating, A prefers K to F while B prefers F to K. In the game, A chooses K or F first; B observes A’s choice and then chooses K or F himself. 3 a....
Exercise 4: For the game "Rock-Paper-Scissors". a. Prove that there is no Nash Equilibrium in pure strategies b. Explai...
Exercise 4: For the game "Rock-Paper-Scissors". a. Prove that there is no Nash Equilibrium in pure strategies b. Explain why the only Nash Equilibrium in mixed strategies where, in stead of choosing a given strategy, a player can randomize between any number of its available strategies) is to show Rock, Scissors or Paper with probability 1/3 each.
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round...
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $4 million. If they are wrong, their prize is decreased to $1,500,000. You believe you have a 50% chance of answering the question correctly. Ignoring your current winnings, your expected payoff from playing the final round of the game show is S . Given that...
python code for guessing game users enter the number the computer will guess 8:38 PM 100...
python code for guessing game users enter the number the computer
will guess
8:38 PM 100 nstructure.com 1. Number guessing game : (5 points) 1) Requirements: Your program will ask the user to enter a number between 1 and 1000. Then it will try to guess the correct number with the guaranteed minimal average number of guesses. Which search algorithm should you use? 2) Expected Output: Enter a number between 1 and 1000? 784 Computer guesses: 500 Type 'l' if...
answer parts e f g pls 4. Consider the following game presented in the strategic form:...
answer parts e f g pls
4. Consider the following game presented in the strategic form: A B C W X Y Z 8,9 14,9 5,0 1,4 8,0 19,13 7,18 9.16 9,80 33, 335, 130, 84 (a) What is the relationship between an equilibrium concept and predic- tions regarding the outcome of a game? (b) Find all the Nash equilibrium strategy combinations. For each equilib- rium, discuss whether it is or it is not strong dominant strategy equi- librium. (c)...
Q3 Guess 5/6 of the Average Game A hundred players are participating in this game (N-100). Each player has to choose an integer between 1 and 100 in order to guess "5/6 of the average of the responses given by all players'" Each player who guesses the integer closest to the 5/6 of the average of all the responses, wins (a) Find all weakly dominated strategies (if any). (b) Find all strategies that survive the Iterative Elimination of Dominated Strategies...
Can someone upload a picture of the code in
matlab
Write a "Guess My Number Game" program. The program generates a random integer in a specified range, and the user (the player) has to guess the number. The program allows the use to play as many times as he/she would like; at the conclusion of each game, the program asks whether the player wants to play again The basic algorithm is: 1. The program starts by printing instructions on the...
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $5 million. If they are wrong, their prize is decreased to $2,250,000. You believe you have a 25% chance of answering the question correctly. . Given that this is Ignoring your current winnings, your expected payoff from playing the final round of the game show...
Exercise 4: For the game "Rock-Paper-Scissors". a. Prove that there is no Nash Equilibrium in pure strategies b. Explain why the only Nash Equilibrium in mixed strategies where, in stead of choosing a given strategy, a player can randomize between any number of its available strategies) is to show Rock, Scissors or Paper with probability 1/3 each.
2. Individual Problems 17-2 You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $4 million. If they are wrong, their prize is decreased to $1,500,000. You believe you have a 50% chance of answering the question correctly. Ignoring your current winnings, your expected payoff from playing the final round of the game show is S . Given that...
python code for guessing game users enter the number the computer
will guess
8:38 PM 100 nstructure.com 1. Number guessing game : (5 points) 1) Requirements: Your program will ask the user to enter a number between 1 and 1000. Then it will try to guess the correct number with the guaranteed minimal average number of guesses. Which search algorithm should you use? 2) Expected Output: Enter a number between 1 and 1000? 784 Computer guesses: 500 Type 'l' if...
answer parts e f g pls
4. Consider the following game presented in the strategic form: A B C W X Y Z 8,9 14,9 5,0 1,4 8,0 19,13 7,18 9.16 9,80 33, 335, 130, 84 (a) What is the relationship between an equilibrium concept and predic- tions regarding the outcome of a game? (b) Find all the Nash equilibrium strategy combinations. For each equilib- rium, discuss whether it is or it is not strong dominant strategy equi- librium. (c)...
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