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- 2. Due to pandemic since 2020, many business establishment shutdowns because of insufficient fund that will supposedly sustain its daily operation. What could be the possible risk aroused and their response to the current situation?12 Please provide explanation and example of -Infinite vs. Finite Horizon Games -ThanksSolve Both Questions!2. Do we depict the equilibrium of a game in pay-offs or strategies in Game theory? 3- 3. What is meant by the phrase, "Best Response of a player"? in Game Theory?
- 5. Individual Problems 18-5 When a famous painting becomes available for sale, it is often known which museum or collector will be the likely winner. Yet, the auctioneer actively woos representatives of other museums that have no chance of winning to attend anyway. Suppose a piece of art has recently become available for sale and will be auctioned off to the highest bidder, with the winner paying an amount equal to the second highest bid. Assume that most collectors know that Simone places a value of $65,000 on the art piece and that she values this art piece more than any other collector. Suppose that if no one else shows up, Simone simply bids $65,0002=$32,500$65,0002=$32,500 and wins the piece of art. The expected price paid by Simone, with no other bidders present, is . Suppose the owner of the artwork manages to recruit another bidder, Yakov, to the auction. Yakov is known to value the art piece at $52,000. The expected price paid by Simone, given the…6 Two people will select a policy that affects both of them by applying a "veto" in a sequential and alternate manner, that is: person 1 begins to veto a policy and then person 2 exercises his "veto" with the remaining policies; the process repeats until only one policy remains. Assume that there are 3 policies: X,Y,Z, and that person 1 prefers X to Y to Z and person 2 prefers Z to Y to X. a. Represents the game extensively b. Give the number of subgames C. Indicate the total strategies of the players d. find all subgame perfect nash equilibria e. Find all Nash Equilibriums.2. Reviewing on social media can take many forms such as reposting your followers feedback on IG stories or asking them to answer a Poll. a. True b. False
- 7. “I will be the teacher, you be the student, okay?” Mabel asks her brother, Dipper. After playing for a while, Dipper becomes bored and starts making siren noises. Mabel tells him, “No! You aren’t supposed to be a fireman! You’re a student and I’m the teacher!” Considering Mead’s emergence of the self, what stage is Mabel likely in?* A. Preparatory Stage B. Play Stage C. Egocentric Stage D. Game Stage 8. Zero initially planned to go to Tagaytay tomorrow. However, he decided to postpone it since the weather today was a bit unstable and he thought it might just rain and may not enjoy his short break. This best illustrates which concept of Bandura?* A. Forethought B. Intentionality C. Self-reactiveness D. Self-reflectionQuestion 4: (Answer in 200-400 words in total PLEASE ANSWER THIS HOMEWORK QUESTION The purpose of the Paris agreement was to set a coordination mechanism between countries and limit carbon emissions at a global level. In this period of climate emergency, high carbon emissions and the non respect of Paris agreement by numerous countries, have been criticized in the newspapers and described as dangerous for future generations. From a game theory perspective, respecting or not the Paris agreement can be modeled as a strategic game. Let’s assume that we have two countries who can choose between option 1: not respecting and exiting the Paris agreement (increase their carbon emission); and option 2: respecting the Paris agreement (limit their carbon emission). The following matrix gives the payoffs of each choice, where in each cell, the first number is the payoff of country A and the second number is the payoff of country B. Country B Repect the agreement Exiting the…don't chat gpt answer i will 5 upvotes urgent. An automobile that you own could be considered a rival good, while flood control might be a good example of a non-rival good. Select one: O True O False
- QUESTION 1: Game theory a) What is the pure strategy Nash equilibrium outcome if there is one? b) Is this a socially optimal outcome? If not, which outcome is preferred? c) Do all three solution approaches for simultaneous games work independently (not together)? If not, which do not? d) Draw the game as a game tree (extensive form). e) Switch the payoffs in cells (A, A) and (D, D). What is the pure strategy Nash equilibrium outcome if there is one?1. What is the expected value of playing this game ? a. The player repeatedly rolls a six - side d die until it comes up 6. b. When the die comes up 6 , the player receives a payoff, and the game ends. The player get s precise ly one payof f. c. The initial payoff is $6, and it increases by 20%. The f irst roll payoff is $6 ; the second roll payoff is $7.20 (1.2*$6) ; the third roll payoff is $8.64 (1.2*$7.20), and so on. What is the expected value of playing this game?2. What was Airbnb's response to the COVID-19 pandemic? Does it appear that the company's business model is more resilient than that of its hotel chain rivals?