Suppose 2 players play the following game infinite times in the future. What should be the minimum value of the time discount so that the equilibrium strategy is (Cooperate, Cooperate)? Player 2 Player 1 Cooperate Defect Cooperate (10, 10) (12, 2) Defect (2, 12) (4,4)
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- If you played the game in Exercise 1 many times, then you would expect your average payoff per game lo be about $ ____________.The Chinese government has created a fund worth more than 20 trillion won to foster the semiconductorindustry. Although there is a large technological difference between memory semiconductors, systemsemiconductors can be developed in a short period of time. The number of companies producinghomogeneous quality products has increased.￭Question (a) In the Cournot game, when the number of firms increases from 2 to n, compare the output,total output, and profit of each firm with N.E. in the Cournot model. ￭Question (b) If the number of companies participating in the semiconductor market increases to infinity,that is, in a perfectly competitive market, what will be the equilibrium point?Two players, A and B, are playing an asymmetrical game. There are n points on the game board. Each turn player A targets a pair of points and player B says whether those two points are connected or unconnected. A can target each pair only once and the game ends when all pairs have been targeted. Player B wins iff a point is connected with all other points on the very last turn, while player A wins if any point is connected with all other points on any turn but the very last one OR if no point is connected to all other points after the last turn. For what values of n does either player have a winning strategy?
- Two players are engaged in a game of Chicken. There are two possible strategies, Swerve and Drive Straight. A player who chooses to Swerve is called Chicken and gets a payoff of zero, regardless of what the other player does. A player who chooses to Drive Straight gets a payoff of 36 if the other player swerves and a payoff of −36 if the other player also chooses to Drive Straight. Find the Nash equilibrium in mixed strategies. What is the probability of a crash in this mixed strategy Nash equilibrium?Suppose that there is a negotiation between two players over a painting. Person 1,the seller ,has no interest in the painting. On the other hand the painting is worth $100 to the buyer. If the painting is sold at a price in between 0 and 100, both are better off. Player 1 proposes a price p to player 2. Then after observing player 1's offer, player decides whether to accept it or to reject it. If the offer is rejected both zero and the game ends.Find the unique SPNE of this game.Suppose that each player in a two-person zero sum game has four strategies. Ignoring nonnegativity, how many constraints are in the linear programming formulation of this game for the row player? 3 5 2 4
- Consider a two-player game that is set up with two piles of stones. The two players are taking turns removing stones from one of the two piles. In each turn, a player must choose a pile and remove one stone or two stones from it. The player who removes the last stone (making both piles empty) wins the game. Show that if the two piles contain the same number n ∈ Z+ of stones initially, then the second player can always guarantee a win.Consider a new card game between 2 players: Jim (player 1) and Angella (player 2) Jim is dealt two cards : ♡8 and ♠️9 . Angella is also dealt two cards: ♢6 and ♣️6 . Now, each of the players will play 1 card both at the same time. The payoff of Jim is 4 points if he plays a card of opposite color (red/black) than Angella, and otherwise his payoff is 10 points. The payoff of Angella is 3 points if the difference of the already played card numbers is greater than 4, otherwise her payoff is 2 points. 1. Find the Best Responses for Angella.2. Find all the Nash Equilibriums of the game (if any).A particular two-player game starts with a pile of diamonds and a pile of rubies. Onyour turn, you can take any number of diamonds, or any number of rubies, or an equalnumber of each. You must take at least one gem on each of your turns. Whoever takesthe last gem wins the game. For example, in a game that starts with 5 diamonds and10 rubies, a game could look like: you take 2 diamonds, then your opponent takes 7rubies, then you take 3 diamonds and 3 rubies to win the game.You get to choose the starting number of diamonds and rubies, and whether you gofirst or second. Find all starting configurations (including who goes first) with 8 gemswhere you are guaranteed to win. If you have to let your opponent go first, what arethe starting configurations of gems where you are guaranteed to win? If you can’t findall such configurations, describe the ones you do find and any patterns you see.
- if Z = 3 (a) How many pure strategy profiles exist in this game? (b) In the unique subgame perfect Nash equilibrium, what is the sum of the payoffs to the two players?Suppose that you watch the game show over many years and find that door #1 hides the car 50% of the time, door #2 has the car 40% of the time, and door #3 has the car 10% of the time. What then is your optimal strategy? In other words, which door should you pick initially, and then should you stay or switch? What is your probability of winning with the optimal strategy? Explain.can we find nash equilibrium through mixed strategy as well?