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, there 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 cal these candidates a, b and c; 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...
Some notes: 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) Q4 Find all weakly dominated strategies (if any). (b) Find all strategies that survive the Iterative Elimination of Dominated Strategies (IEDS) (if any)...
Write a program that supports the three phases (setup, voting and result-tallying) which sets up and executes a voting procedure as described above. In more details: You can start with the given skeleton (lab6_skeleton.cpp). There are two structures: Participant structure, which has the following members: id -- an integer variable storing a unique id of the participant (either a candidate or a voter). name -- a Cstring for storing the name of the participant.. hasVoted -- a boolean variable for...
4. (a) (10%) A player has three information sets in the game tree. He has four choices in his first information set, four in his second and three in his third. How many strategies does he have in the strategic form? Circle one: (i) 11, (ii) 28 (iii) 48 (iv) 18. (b) (10%) Is it true that the following game is a Prisoners' Dilemma? Explain which features of a Prisoners' Dilemma hold and which do not. (Remember each player must...
True or false (6 pts.) 2 Indicate whether each of the following statements is true or false. You do not need to provide an explanation this time just true or false. a. (1 pt.) Every static game has at least one pure strategy Nash equilibrium b. (1 pt.) If a strategy is weakly dominant, then it is a best response against any strategy chosen by the other player. c. (1 pt.) In a dynamic game, it is always better to...
microecon 2 True or false (6 pts.) Indicate whether each of the following statements is true or false. You do not need to provide an explanation this time just true or false. a. (1 pt.) Every static game has at least one pure strategy Nash equilibrium b. (1 pt.) If a strategy is weakly dominant, then it is a best response against any strategy chosen by the other player. c. (1 pt.) In a dynamic game, it is always better...
pts.) True or false (6 2 Indicate whether each of the following statements is true or false. You do not need to provide an explanation this time-just true or false. a. (1 pt.) Every static game has at least one pure strategy Nash equilibrium. b. (1 pt.) If a strategy is weakly dominant, then it is a best response against any strategy chosen by the other player. а c. (1 pt.) In a dynamic game, it is always better to...
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 (IEDS) (if any). No additional...