E3 Suppose that two players are playing the following game. Player 1 can choose either Top orBottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table:Player 2Player 1A) (where the number on the left is the payoff to Player 1, and the number on the right is the payoff toPlayer 2.[Select]B)[Select]C)'LeftRightTop1119Bottom 7 3 55D48Does Player 1 have a dominant strategy, and if so what is it?h) For each of the following strategy combinations, select TRUE if it is a NashEquilibrium, and FALSE if it is not:i) Top/Left [Select]ii) Top/Right [Select]Does Player 2 have a dominant strategy and if so what is it?• iii) Bottom/Left [Select]• iv) Bottom Right [Select]- What is Player 1's maximin strategy? [Select]

Answered: Image /qna-images/answer/77988c02-99cf-4f76-ba0c-6712c43b2716.jpg

Answered: Suppose that two players are playing…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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 marketing research group conducting a telephone survey must contact at least 150 wives and 120 husbands. It costs P100 to make a daytime call and (because of higher labor costs) P150 to make an evening call. On average, daytime calls reach wives 30% of the time, husbands 10% of the time, and neither of these 60% of the time, whereas evening calls reach wives 30% of the time, husbands 30% of the time, and neither of these 40% of the time. Staffing considerations mean that daytime calls must be less than or equal to half of the total calls made. How many should be interviewed at each period to minimize the cost of completing the survey? fomulate the LP Model; identify the decision variables used in the model; and determine the optimal solution using graphical method.
Suppose that a healthy person has 10% chance of getting sick that would require $40,000 of medical expenses. Suppose that unhealthy person has a 60% chance of getting sick that would require $100,000 in medical expenses. A) What would be an actuarially fair premium for a healthy person? B) What would be an actuarially fair premium for unhealthy person? C) If everyone has to buy health insurance and 20% of the population are unhealthy and 80% of the population are health, what would be an actuarially fair premium for any person?
Suppose Martin is a very talented used-car salesman. Whenever Martin talks to a new customer, there is a 90% chance that he convinces the customer to purchase one of his used cars. Brian, Martin's boss, is envious that Martin sells many more cars than he does. Because of his jealousy, Brian institutes a new rule that Martin is only allowed to talk to 35 customers per day. Thus, Martin continues to work each day until he speaks to 35 customers, at which point Brian sends him home. Let ? represent the number of used cars that Martin sells on a given day. What are the mean, ?, and variance, ?^2, of ?? Please round your answers to the nearest two decimal places. ?=_______? ?^2=_________?
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.
Data on the 4000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 4000 mutualfunds surveyed, 3000 funds had a high 5-year return, 2000 had a high 10-yearreturn, and 1500 had both a high 5-year return and a high 10-year return Given that a mutual fund had a high 5-year return, what is theprobability of a mutual fund having a high 10-year return?
Alice and Bob are playing a game where in each round, each of them rolls a fair die independently. If both roll the same number, then the game is repeated. Otherwise the player with the larger number wins. Let X be the number of rounds until the game is decided. (d) Assume that you get paid 10USD for winning in the first round, 1USD for winning in any other round, and nothing otherwise. Compute your expected winnings.
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1. Suppose that two students, A and B, are both 29 years old but A is a female whereas B is a male, A is single while B is married. Both had an income of 4500 cedis when in the university and both have health inventory score of 21. Student A had two kids while in the university whereas student B had 4 kids. Both scored 16 on life satisfaction inventories as well as 23 on socioeconomic status of parents. Student A was a smoker but B was not. A scored 7 while B scored 12 on spirituality inventory. Both finished the university program but whiles a was earning 9000 Ghana cedis seven years after university, B was earning 6800. What is the predicted difference in the life satisfaction score of these two student seven years after university? 2. How much higher is the life satisfaction score predicted to be if the score on spirituality inventory rises by 25? 3. Which one of the pairs of variables selected to be multicollinear may be deleted from the regression and why? 4. Interpret the…
1. Suppose that two students, A and B, are both 29 years old but A is a female whereas B is a male, A is single while B is married. Both had an income of 4500 cedis when in the university and both have health inventory score of 21. Student A had two kids while in the university whereas student B had 4 kids. Both scored 16 on life satisfaction inventories as well as 23 on socioeconomic status of parents. Student A was a smoker but B was not. A scored 7 while B scored 12 on spirituality inventory. Both finished the university program but whiles a was earning 9000 Ghana cedis seven years after university, B was earning 6800. What is the predicted difference in the life satisfaction score of these two student seven years after university? 2. How much higher is the life satisfaction score predicted to be if the score on spirituality inventory rises by 25? 3. Which one of the pairs of variables selected to be multicollinear may be deleted from the regression and why? 4. Interpret the…
A baseball team has scheduled its opening game for April 1. If it rains on April 1, the gameis postponed and will be played on the next day that it does not rain. The team purchasesinsurance against rain. The policy will pay $1000 for each day, up to 2 days, that theopening game is postponed. For example, if the game is postponed for 1 day, the companywill pay $1000. If the game is postponed for 2 days, the company will pay $2000. But if thegame is postponed for more than 2 days, the company will only pay $2000. The insurancecompany determines that the number of consecutive days of rain beginning on April 1 is aPoisson random variable with mean 0.6. Find the expected amount the insurance companywill have to pay. Round your answers to 2 decimal places
A multinational corporation is considering starting a subsidiary in an Asiancountry. Management realizes that the success of the new subsidiary depends, in part,on the ensuing political climate in the target country. Management estimates that theprobability of success (in terms of resulting revenues of the subsidiary during its firstyear of operation) is 0.55 if the prevailing political situation is favorable, 0.30 if thepolitical situation is neutral, and 0.10 if the political situation during the year is unfavorable. Management further believes that the probabilities of favorable, neutral, andunfavorable political situations are 0.6, 0.2, and 0.2, respectively. What is the successprobability of the new subsidiary?

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