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- found the nash equilibrium ofOur classroom needs a better webcam. A webcam benefits everyone and I am soliciting donations from the class. There are N students, and each student possesses a token. A webcam costs K tokens. K is greater than 2, but less than N. Now, the action of each student is to either donate a token or avoid me. Find the Nash equilibrium/equilibria. Give an answer with reasoning.Discuss main motivations to use the Nash Equilibrium as a solution concept.
- A lindahl equilibrium is a Nash equilibrium. DiscussRachel, Monica, and Phoebe are roommates; each has 10 hours of free time you could spend cleaning your apartment. You all dislike cleaning, but you all like having a clean apartment: each person’s payoff is the total hours spent (by everyone) cleaning, minus a number 1/2 times the hours spent (individually) cleaning.That is, ui(s1, s2, s3) = s1 + s2 + s3 -1/2si Assume everyone chooses simultaneously how much time to spend cleaning. a. Find the Nash equilibrium. b. Find the Nash if the payoff for each player is: ui(s1, s2, s3) = s1 + s2 + s3 − 3si Is the Nash equilibrium Pareto efficient? If not, can you find an outcome in which everyone is better off than in the Nash equilibrium outcome?How do you solve for the Nash equilibrium
- A coordination problem usually occurs in situations where there is: a. a unique, but desirable Nash equilibrium b. no Nash equilibrium c. more than one Nash equilibrium d. a unique, secure strategy for both players Only typed answer and don't use chat gptQ, Please sold the Unique baysian Nash equilibrium and the mixed strategy nash equilibrium p1/p2 u n a 8,8 8,2 b 0,8 10,10 c 8,8 9,2a)Find the Nash equilibrium b)Find subgame Nash equilibrium c) Explain why all Nash equilibrium are not subgame perfect. Please see the image The term in image are A,B b,c and w,a and 1,2,7,9 and 7,3,4,8
