Online gambling essay

Game theory - please help. Thanks!

Topic B Problem: Imagine you have two competing athletes who have the option to use an illegal and/or dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gains an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping. However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What class concept best describes this situation? Using this class concept, what outcome do we expect from these two athletes? Are there any factors that could change the outcome predicted by this course concept?

Please do fast ASAP fast

QUESTION 8 The table below shows how much the a non-Manchester United fan and a Manchester United fan would pay for an annual subscription to Manchester United TV. The marketing team at Manchester United decides to offer two packages: a basic package that includes all games of the main, youth and women's teams (delayed by one day) and a deluxe package that includes the games (delayed by one day), recording of games from past seasons, and exclusive player interviews. Because there are many more non-Manchester United fans, the marketing team decides to offer the basic package for $30 to attract these fans. What is the maximum price they can charge for the deluxe package if they want Manchester United fans to subscribe to the deluxe package rather than also subscribing to the basic package. Manchester United TV Subscription (annual) Value to a non-Manchester United soccer fan Value to Manchester United fans Basic Package $30 $120 Deluxe Package $40 $200 O 119.99 O 109.99 189.99 O 179 99

4D Karaoke (4DK) is getting hot in Manhattan. For those who are new to the experience, 4DKaraoke comes with special 4D glasses that give you the image of an enthusiastic audience thatscreams and shouts as you sing along. You can choose your preferred audience.There is currently one 4DK bar in the Village, but two new companies have announced plansfor creating their own bars: Z-R-Us and the company you work for, GAStar. The companythat owns the technology has given one-bar licenses to these two entrants with the assurancethat they will be the only two licenses issued in Manhattan for years to come.The two entrants are currently trying to determine their best locations, which they have eachnarrowed to the Village and Midtown. If both bars are located in the Village, then each willreceive a net profit of $10m. If both bars located in midtown then GAStar gets $19m and KR-Us $21m. If GAStar locates in the Village and Z-R-Us in Midtown, then GAStar gets $22mand Z-R-Us $9m. Finally, if BAStar…

Note: this is an economics question. Game theory and Nash equilibria section.  *Discuss the attached case in terms of eBay's strategic move.

Topic: Canadian Oligopoly/Monopoly Throughout Canada's history there have been many Oligopoly and Monopoly players - your assignment is to find an example of one, tell me what justifies classifying them as such and give me a brief history of their rise (and fall if such event has happened - there are some good ones out there). The tools you need to analyse this question can be found in the second half of your textbook and there are plenty of places to start online with this assignment 1. My expectation is that you will look at it from an Economics perspective to understand and explain it. 2. Write this assignment as if the person reading it has never taken an Economics course before so make sure to explain what you are presenting. A complete citation/reference list is expected to be done according to the most recent APA standards for any material you use. Do not include any information from Wikipedia, using Wikipedia will result in a 10% penalty. Do not submit any work generated by A.…

Game theory terminology Select the term that best describes each definition listed in the following table. Definition Nash Equilibrium Dominant Strategy Collusion Tit-for-tat Strategy Payoff Matrix Prisoners' Dilemma Game A strategy in which a player cooperates until the other player defects and then defects until the other player cooperates again               The event that occurs when agents in a game form an agreement about which strategies to implement               A player's best choice, if it exists, regardless of his or her opponent's strategy               A case in which individually rational behavior leads to a jointly inefficient outcome

Topic: Utility and Game Theory Case 1- Developing Advertising Strategy Two companies namely TEHsantai and ChillTEA are the only two trending bubble tea joints competing for the local market share. In planning a marketing strategy for the coming year, each company is considering four strategies designed to take market share from the other company. Each worked with an advertising agency in order to develop alternative advertising strategies for the coming year. A variety of internet advertisements, product promotions, in-store displays, and appointing celebrity ambassador provides four different strategies for each company. The following Table 1 summarizes the projected change in market share for TEHsantai once the two companies select their advertising strategy for the coming year. Table 1- Projected Change in Market Share (%) TEHsantai a1: Internet Advert a2: Product Promo a3: In-store Display a4: Celebrity Ambassador b1: Internet Advert 6 4 6 -4 ChillTEA b2: Product Promo 0 -4 4 10…

12

D1.

4-2 Consider four friends, Rahim, Karim, Jack and Jones, who are all looking to get one haircut each. And four barbers, Rahima, Karima, Margaret and Sophia, are willing to provide haircutting services. The following table gives information on maximum WTP and minimum WTA for each buyer and seller: Name WTP (in Taka) Name WTA (in Taka) Rahim (RA) Karim (KA) Jack (JK) Jones (JO) Rahima (RM) Karima (KM) Margaret (MA) Sophia (SO) 400 400 600 300 200 500 800 200 (a) Which of the buyers will be able to get haircuts? Which sellers will cut their hair? Intuitively explain/justify your answer. (b) Calculate total consumer and producer surplus for this market.

Instructions: Based on what you have learned, discuss or share your experiences for each implication on how media and information affect you as an individual. Implications of Media and Information Your experience Media and information improve quality of life Media and information for greater political participation Media and information promoting economic opportunities Media and information for improvement of learning environment Media and Information individuals as more cohesive social units

G.313.

Manchester United TV Subscription (annual) Value to a non-Manchester United soccer fan Value to Manchester United fans Basic Package $30 $40 $35 $80 Deluxe Package The table above shows how much the a non-Manchester United fan and a Manchester United fan would pay for an annual subscription to Manchester United TV. The marketing team at Manchester United decides to offer two packages: a basic package that includes all games of the main, youth and women's teams (delayed by one day) and a deluxe package that includes the games (delayed by one day), recording of games from past seasons, and exclusive player interviews. Because there are many more non-Manchester United fans, the marketing team decides to offer the basic package for $30 to attract these fans. What is the maximum price they can charge for the deluxe package if they want Manchester United fans to subscribe to the deluxe package rather than also subscribing to the basic package.

The role of internet has a lot to contribute to the economical aspect or impact of the media. With the share market and the online trading and banking facilities people have started shifting from the conventional ways of doing things to this modern easier and hustle-free method.  give me another explanation about this.

4

Can someone please help me please?

Question: Widget is a commodity that is traded in a perfectly competitive global market that consists of many small price-taking firms. The firms fall in three categories with the following characteristics: Number of firms Capacity of firm's plant (units AVC (S per Fixed cost per unit at full per year) Capital charge per unit at full capacity ($/unit) unit) capacity ($/unit) Type 25 100 units 30 15 10 1 Туре 50 50 units 40 20 10 Type 100 40 units 45 25 10 3 Assume that each firm's AVC is constant up to the capacity of its plant. Further, assume that once built, a firm's plant has zero redeployment value. Finally, assume that a typical entrant has a cost structure identical to the Type 1 firms and that there are many potential entrants. • The demand for widgets is Q = 8000 - 20P, where P is $ per unit and Q is measured in units per year. (Remember: use only whole numbers, and do not use any other characters or spaces.) a. The short-run equilibrium price in the world widgets market is:…

The definition of Game Theory is: Game Theory is a field of mathematics that analyzes strategic-interaction between rational, self-interested players. Give an example of a situation that can be considered a game from the perspective of game theory. You can choose this example from your experience or you can consider a hypothetical scenario. Use your own imagination and make sure this is not any famous or known example used in game theory. 1. What is happening in this game? 2. Who are the players in this game? 3. What are the possible actions for each player? 4. Represent the game in normal form with the utilities you have mentioned in the description of the game. 5. Justify the utilities you have assigned. 6. Find the best responses of each player.

Case study 1: Microeconomics  This case study focuses on the pay-for-viewing TV (Pay TV in short) industry in Australia. Back in 2013, Foxtel had just finished acquiring Austar, its major competitor. Foxtel was enjoying near-total dominance in the market. There were other players such as Optus TV and iiNet, however, their market shares were dwarfed by that of Foxtel. IBISWorld reported that Foxtel occupied 92.6% of the market share in 2013. Then in March 2015, Netflix Australia was launched, opening the gate for an influx of other subscription video-on-demand (SVOD) services. These new services were internet-based, which differed from Foxtel’s model of cable TV. Nevertheless, they competed fiercely for subscribers. Fast forward to the present day (October 2021), Australian consumers now have a wealth of choices of the content offered by Foxtel, Netflix, Stan, Amazon Prime, Apple TV, Disney+, Optus Sport, and the recently launched Paramount+ (launched in August 2021).   Sorry, this is…

(Use for questions 1 - 3): Two soap producers, the Fortnum Company and the Maison Company, can stress either newspapers or magazines in their forthcoming advertising campaigns The payoff matrix (profit in millions of dollars) is as follows: Maison Company Stress Magazines Stress Newspapers М, $8M F, $7M M, $9M F, $8M Stress Newspapers Fortnum Company М, $7M F, $8M М, S8M F, S9M Stress Magazines Is this a game of prisoners' dilemma? Why or why not? Is there a Nash Equilibrium? Why or why not?

Pizzaroni Cafe on the boardwalk in a popular New Jersey seaside town owned by Angelo McDonald. Situation: Due to the booming tourist season and the exceptional meals he prepares, Angelo is frequently forced to turn away patrons because he does not have enough room to accommodate everyone or because he does not have enough servers and kitchen help, especially on Friday and Saturday nights. Currently, the Pizzaroni Cafe has several pinball and video games that are barely earning enough to pay their monthly rental fees. Angelo brags that the tables in his establishment are exceptionally roomy and have large areas of space in- between tables. Chuck’s Hoagie House, the eating establishment alongside of him in the same building has difficulty attracting patrons due to a rumor that several customers contracted food poisoning last September at his establishment. A) What possible options are available to Angelo to increase the number of patrons he can serve in the short run in an effort to…

10. Electronic Arts (EA) has decided to introduce a revolutionary video game. As the first firm in the market, it will have a monopoly position for at least some time. In deciding what type of manufacturing plant to build, it has the choice of two technologies. Technology A is publicly available and will result in annual costs of CA(q) 10 + 8q. Technology B is a proprietary technology developed in EA's research labs. It involves a higher fixed cost of production but lower marginal costs C'B (q) = 60 + 2q. EA must decide which technology to adopt. Market demand for the new product is p = 20 – Q, where Q is the total industry output. a) Suppose EA were certain that it would maintain its monopoly position in the market for the entire product lifespan (about five years) without threat of entry. Which technology would you advise EA to adopt? What would be EA's profit given this choice? b) Suppose EA expects its rival, Ubisoft, to consider entering the market shortly after EA introduces its…

media economics course   Question #1:   A lot of media regulation is geared towards areas such as content (protecting children) and ownership. Why are these two areas so important, and how do they differ around the globe? Question #2: What is censorship, and why do some governments openly engage in censorship involving the media industries? In what ways will this continue to play a role in media and economics? Question #3: The Internet has raised a number of legal issues since its development. One hot issue in the 21st century is that of net neutrality. What is net neutrality, and what are the two main opposing views on the topic? Where do you stand on the subject of net neutrality? Question #4: What's the role of advertising in today's media economics? What are some policies involving advertising within the media landscape, especially within economics? Question #5: Define content regulation and its role in today's media economics? In what ways will content regulation shape the media…

(3)quantitative reliblities,relationship between cybercrime and ecommerce development.

Suppose you executed the following trade (strategy): Sell 1 XYZ straddle (X= R55) @R6.50 All options have identical expiration dates 1. What is the cost of initiating such a strategy? 2. Graphically depict a fully-labeled Profit and Loss diagram of the overall strategy highlighting the break- even points, maximum potential profit and maximum potential loss.

Question: Determine the set of rationalizable strategies for each of the following games. Player 2 Player 2 (0, 4) (3, 3) (4, 0) Player 2 (2,0) (3, 4) (1,3) (4, 2) (2, 3) (4,0) (3, 3) (0, 4) (1,1) Player 1 Player 1 (1,2) (0,2) | (3,0) Player 2 D D (5, 1) | (0, 2) | Player 1 (4, 6) (3, 5) (6, 3) (0, 1) (2,1) Player 2 (8, 6) (1,0) (0,8) (8, 2) (0, 1) (2, 6) (5, 1) (4, 4) (1,0) Player 1 (6,0) (2,8) D D Player 2 (8, 10) (6, 4) (2, 2) (0,0) (0,0) (3,3) (4, 1) (8, 5) Player 1 Player 1 B B Player 2 Player 2 (8, 10) (6, 4) (3, 10) (6, 4) (4, 1) (8, 5) (4, 1) (8, 5) Player 1 A Player 1 B B

The following table contains meanings related to e-commerce, e-business and the electronic market. I will write the appropriate concept in front of its meaning Concepts Signifiers in order to An electronic technology by which the buyer and the seller meet exchange Products The process of buying ,selling and exchanging goods,services,money and information through computer networks Electronic exchanges of products, funds and information, in addition to consumer Service and cooperation between business partners and management all electronic movements within the organization

QUESTION 7 Player 2 Left Right P1: $6 P1:$0 Player 1 Up P2: $6 P2: $5 P1: $3 P1: $1 Down P2:58 P2: $10 List all dominant stragies in the game shown above O Up is a dominant strategy for player 1 O Down is a dominant strategy for player 1 O Left is a dominant strategy for player 2 O Right is a dominant strategy for player 2 O There are no dominant strategies in this game

What type of market environment do firms producing this product of honda operate in? Perfectly competitive, monopolistic competition, monopoly, or oligopoly? Why? What are the inputs used in production? Which of the inputs are fixed and which are variable? How do you expect this product to develop in the future? What types of governmentregulations are there regarding this product? For instance, is it taxed or subsidized?

Question 2 Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says.  Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple…

(Use for questions 1 - 3): Two soap producers, the Fortnum Company and the Maison Company, can stress either newspapers or magazines in their forthcoming advertising campaigns The payoff matrix (profit in millions of dollars) is as follows: Maison Company Stress Magazines Stress Newspapers M, $8M F, S7M M, $9M F, $8M Stress Newspapers Fortnum Company М, $8M F, $9M М, $7M F, $8M Stress Magazines Is there a dominant strategy for each firm? If so, what is it? a. Maison dominant Magazines, Fortnum dominant Magazines Maison dominant Magazines, Fortnum dominant not dominant C. Maison not dominant, Fortnum not dominant d Maison not dominant, Fortnum dominant Magazines e.Maison dominant Newspapers, Fortnum dominant Newspapers f. Maison dominant Magazines, Fortnum dominant Newspapers g. Maison dominant Newspapers, Fortnum not dominant h. Maison not dominant, Fortnum dominant Newspapers

(Incentive-based pricing) Suppose a utility is allowed to charge $0.12/kWh, it is able to reduce its average cost from $0.12 to $0.10, and the risk-sharing parameter is 0.5. Explain whether or not the reduction in average cost will increase the utility's profit. Also, explain whether or not consumers will benefit if the utility reduces its average cost.