Categories
Game Theory

Hey, i’ve put the question in the attachment, please answer according to the top

Hey, I’ve put the question in the attachment, please answer according to the topic. Also please don’t give me answers from Chegg, Course hero or anything that can be searched on Google, thank you!

Categories
Game Theory

Hey, i’ve put the question in the attachment, please answer according to the top

Hey, I’ve put the question in the attachment, please answer according to the topic. Also please don’t give me answers from Chegg, Course hero or anything that can be searched on Google, thank you!

Categories
Game Theory

Student 2’s score equals x2, where x2 is the amount of effort he exerts.

Two students are to take an exam, and the professor has instructed them that the student with the higher score will receive a grade of A and the one with the lower score will receive a B.
Student’s 1 score equals x1 + 1.5, where x1 is the amount of effort she invests in studying. (That is, I assume that the greater the effort, the higher the score.) Student 2’s score equals x2, where x2 is the amount of effort he exerts. It is implicitly assumed that student 1 is the smarter of the two, in that, if the amount of effort is held fixed, student 1 has a higher score by an amount of 1.5. Assume that x1 and x2 can take any value in {0, 1, 2, 3, 4, 5}. The payoff to student i is 10 − xi if she gets an A and 8 − xi if she gets a B, for i = 1, 2.
(a) Derive the strategies that survive the iterated elimination of dominated strategies.
(b) Derive the strategies that survive the iterated elimination of weakly dominated strategies.

Categories
Game Theory

Learning goal: i’m working on a game theory multi-part question and need an explanation and answer to help me learn.

Learning Goal: I’m working on a game theory multi-part question and need an explanation and answer to help me learn.

Categories
Game Theory

Learning Goal: I’m working on a game theory question and need an explanation and

Learning Goal: I’m working on a game theory question and need an explanation and answer to help me learn.
2 multiple choice questions about i know something you don’t know , games with private information.
Just need answer

Categories
Game Theory

Learning Goal: I’m working on a game theory project and need an explanation and

Learning Goal: I’m working on a game theory project and need an explanation and answer to help me learn.
Instructions:
Utilizing the file attached above, which contains the matrix below, devise a strategic game for a real-life situation between two players that leads to a prisoner’s dilemma because of positional externalities. Make sure that you label who the players are, devise and label the two strategies, and type-in the accompanying payoffs in the matrix that have been appropriately underlined to outline each player’s best responses. You need to then write an essay describing the real life situation and the details of your game and why the devised payoffs are appropriate. In addition, you need to detail each player’s best responses in the game, given what the opposing player is doing, and you need to describe how the strategies lead to a prisoner’s dilemma because of inherent positional externalities embedded within the game. The essay needs to be a minimum of three quarters (3/4) of a page (excluding the matrix). The example that you create doesn’t have to necessarily pertain to purely business or economic matters. You can create and come up with any situation that you choose. *******However, please note that you can not use an example where prisoner’s or other individuals are deciding to either confess or keep quiet in the game. I want you to devise an original game. ********
Submission Instructions:
Utilize the file attached above, which contains the appropriate matrix, to write and submit your paper. Please double space your text and utilize a size 12 font. Your matrix and accompanying essay need to be submitted as a Word document into Canvas. Points will be awarded based on an appropriate technical description of the game, logical consistency in a game theoretical sense, and whether or not the described game and situation logically leads to a prisoner’s dilemma because of inherent positional externalities.
No plagiarism! must own word!!